NEM Underperformed The XAU By -0.40% Today

After underperforming by -0.31% on Friday. HUI came close to a 2% follow through major upcycle (since 5-16-05) Wave 5 buy signal today, and, it looks like Wave 5 began on Friday, but "Trade the Cycles" hasn't flashed a buy signal yet. The very short term upcycle that began shortly after the open on Friday is rolling over and it looks like HUI/NEM/XAU will take a dive tomorrow and will probably put in higher cycle lows than those that occurred very early on Friday, which was probably the start of the major upcycle's (since 5-16-05) Wave 5.

The major upcycle's (since 5-16-05) Wave 5 (see latest 1 year charts, http://www.joefrocks.com/GoldStockCharts.html ) probably began on Friday shortly after the XAU filled it's downside gap at 122.49 from 12-22. See 5 day XAU chart: http://finance.yahoo.com/q/ta?s=%5EXAU&t=5d&l=off&z=m&q=b&p=&a=m26-12-9,p12,fs,w14&c= ....... http://www.JoeFRocks.com/