Trade the Cycles

Saturday, April 22, 2006

..............................New Charts Uploaded

The major upcycle's (since 5-16-05) Wave 5 minor intermediate term upcycle (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. HUI, NEM, and the XAU's monthly upcycle (since 3-10-06) probably peaked on Wednesday 4-19. The latest COT data (http://www.cftc.gov/dea/options/deacmxsof.htm) is bearish and portends weakness in gold this week. 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/

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