Wave B Short Term Upcycle May Have Peaked
Early today shortly after the open because NEM is underperforming the XAU again today by a bearish -0.40% after a very bearish -1.11% on Friday, http://finance.yahoo.com/q/ta?s=%5EXAU&t=5d&l=off&z=l&q=b&p=&a=m26-12-9,p12,fs,w14&c= and NEM/XAU appear to have begun downside gap filling action with new downside gaps created today and the XAU has one at 137.38 from Friday. Another very important factor is that SPX (S & P 500) began a short term downcycle today: http://finance.yahoo.com/q/ta?s=%5EGSPC&t=5d&l=off&z=m&q=b&p=&a=m26-12-9,p12,fs,w14&c= http://www.JoeFRocks.com/
posted by Joe Ferrazzano at
9:56 AM
1 Comments:
Andy, the Repo market is huge at $5-6+ Trillion! and is growing at a double digit pace. Index fund trading is obviously a huge factor. Ciao.
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Joe Ferrazzano, at 1:54 PM
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