Trade the Cycles

Wednesday, March 01, 2006

The NEM Lead Indicator = -1.50% Vs The XAU Today

Given the very bearish NEM Lead Indicator this week a dramatic decline should soon begin. Declines of 10-15%+ are likely in the next few days. The NEM Lead Indicator turned very bearish on Monday at -2.26% vs the XAU, was very bearish yesterday at -1.69%, and was very bearish again today at -1.50% Vs the XAU. The Major Upcycle (since 5-16-05) Wave 4's Wave C short term downcycle began last Wednesday for HUI/XAU (http://finance.yahoo.com/q/ta?s=%5Exau&t=5d&l=off&z=l&q=b&p=&a=m26-12-9%2Cp12%2Cfs%2Cw14&c=) and on Friday for NEM. http://www.JoeFRocks.com/

0 Comments:

Post a Comment

<< Home