HUI/XAU Wave 3 Peaking Today, NEM Last Thursday

A last gasp by the Wave 3 short term upcycle, with help from the Fed's $9 Billion 1 day Repo (SPX strength), caused HUI and the XAU to put in higher cycle highs today, though the XAU is stuck at 144.50 (?) and I'm assuming it put in a higher cycle high today. The major upcycle's (since 5-16-05) Wave 5 (see latest 1 year charts, http://www.joefrocks.com/GoldStockCharts.html ) began on 3-10-06 shortly after the XAU filled it's downside gap at 122.49 from 12-22. NEM is in the monthly upcycle's (since 3-10-06) Wave 4 short term downcycle since early Thursday. See 5 day HUI chart: http://finance.yahoo.com/q/ta?s=%5Ehui&t=5d&l=off&z=l&q=c&p=&a=m26-12-9%2Cp12%2Cfs%2Cw14&c= ....... http://www.JoeFRocks.com/