Trade the Cycles

Monday, February 06, 2006

The XAU Has Failed (So Far) To Fill It's Upside Gap Near 152

And, NEM is underperforming the XAU by a wide margin of about -0.80% right now, so it appears the XAU won't fill it's upside gap from Friday just below 152, which is obviously a bearish sign, especially when combined with a bearish NEM Lead Indicator. A Bullish NEM Lead Indicator would have meant that the XAU would probably take another run at it's upside gap near 152. http://www.JoeFRocks.com/ !

0 Comments:

Post a Comment

<< Home