Trade the Cycles

Wednesday, March 29, 2006

NEM Wave 4 Short Term Downcycle Began On Monday

Leading to the downside, HUI and the XAU's probably will begin today, with Wave 3 in rollover/flat/topping mode. The NEM Lead Indicator = -0.50% vs the XAU right now. In the Wave 4 short term downcycle the XAU will probably fill it's downside gaps at 133.40 from 3-27 and at 130.03 from 3-24 in the next day or two, and, NEM has downside gaps at 49.46 from 3-27 and at 49.24 from 3-24 that probably will be filled. 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/

0 Comments:

Post a Comment

<< Home