Trade the Cycles

Thursday, April 27, 2006

The Short Term Upcycle Since Last Thursday 4-20's 5-7% Mini Crash

Peaked yesterday and appears to have been the monthly downcycle's Wave B short term upcycle, so Garry appears to have been correct that Thursday 4-20's 5-7% mini crash was a one day Wave A short term downcycle, which means that HUI/NEM/XAU probably entered the parabolic/sharply declining Wave C today and it's time to buckle up.
See
http://finance.yahoo.com/q/ta?s=%5EXAU&t=5d&l=off&z=l&q=c&p=&a=m26-12-9,p12,fs,w14&c= . The NEM Lead Indicator was a very bullish +1.16% today vs the XAU, so a sharp rebound at some point tomorrow is likely. ....... http://www.JoeFRocks.com/