Trade the Cycles

Friday, April 21, 2006

The NEM Lead Indicator Was A Bullish +0.40% Vs The XAU Today

So, there should be some strength on Monday. HUI, NEM, and the XAU's very sharp rebound today had Elliot Wave 12345 patterns that were followed by an A down, and, they were in a B up at session's end, which points to strength at Monday's open (see http://finance.yahoo.com/q/ta?t=5d&l=off&z=m&q=c&p=&a=m26-12-9%2Cp12%2Cfs%2Cw14&c=&s=%5Exau). The Fed spiked the punch as they always do on Thursday, but not as much as they normally do, and today's was a modest $3 Billion Repo, see http://www.newyorkfed.org/markets/omo/dmm/temp.cfm?SHOWMORE=TRUE. ....... http://www.JoeFRocks.com/

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