Secular Bull Market/Very Long Term Upcycle Elliot Wave Count

Elliot Wave indicates that there will be 3 cyclical Bulls (Waves 1, 3, and 5) and two cyclical Bears (Waves 2 and 4) in the 15-20+ year secular Bull that began in late 2000 for HUI/NEM/XAU. So far there have been two long term cycle highs, one in May 2002 and another on Dec 2, 2003 for HUI/NEM and on Jan 6, 2004 for the XAU. They were waves 1 and 3 of the first cyclical Bull, hence this long term upcycle is Wave 5 of the first cyclical Bull and a 12-18+ month cyclical Bear Market corresponding to Wave 2 down of the secular Bull looms after long term cycle highs occur later this year. http://www.JoeFRocks.com/