NEM Just Took Out It's 4-19 Cycle High At 58.72

With a cycle high so far today at 58.89, which complicates things some, but hopefully HUI/XAU's April 19 likely monthly cycle highs hold. Cycle highs in rollover mode are relatively common, so it isn't too surprising that NEM took out it's 4-19 cycle high. There's a lot of NEM sell interest again today: http://thomson.finance.lycos.com/lycos/iwatch/cgi-bin/iw_ticker?t=NEM&range=0&mgp=0&i=2&hdate=&x=9&y=1 So, HUI/XAU are , assuming their 4-19 cycle highs hold, in Wave A down of a monthly downcycle since 4-19. ......... http://www.JoeFRocks.com/