Trade the Cycles

Tuesday, February 28, 2006

NEM Lead Indicator = -1.69% Vs The XAU Today

And the XAU failed to fill it's upside gap from today's open at 135.67. Both obviously bearish signs, so tomorrow should be a very weak session. NEM and the XAU took out their cycle lows from two weeks ago, confirming that they were Wave A short term cycle lows and not Wave 4 minor intermediate term cycle lows. HUI should soon take out it's Wave A short term cycle low. There should be another 10-15% of downside before Wave 4's Wave C short term downcycle and therefore Wave 4 bottom. http://finance.yahoo.com/q/ta?s=%5Exau&t=5d&l=off&z=l&q=b&p=&a=m26-12-9%2Cp12%2Cfs2Cw14&c= http://www.JoeFRocks.com/

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