Trade the Cycles

Friday, March 31, 2006

The NEM Lead Indicator = -0.87% Vs The XAU Today

After being -0.33% vs the XAU yesterday and -0.56% vs the XAU on 3-29. The Wave 4 Short Term Downcycle began less than an hour into Thursday's session (see 5 day chart below). In the Wave 4 short term downcycle NEM and the XAU will probably fill some of their recently created downside gaps: The XAU has downside gaps at 138.84 from 3-30, at 134.17 from 3-29, at Monday 3-27's open at 133.40, and one at 3-24's open at 130.03, and, NEM has one at 51.49 from 3-30's open, at 49.46 from 3-27, and one at 49.24 from 3-24, some of which will get filled soon. See 5 day chart: http://finance.yahoo.com/q/ta?s=%5Exau&t=5d&l=off&z=l&q=c&p=&a=m26-12-9%2Cp12%2Cfs%2Cw14&c= .......... http://www.JoeFRocks.com/

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