Trade the Cycles

Thursday, May 04, 2006

Big Time NEM Sell Interest Again Today At Lycos Thomson I Watch

The past week+ has seen big time sell interest and the few weeks before that also saw strong NEM sell interest, see http://thomson.finance.lycos.com/lycos/iwatch/cgi-bin/iw_ticker?t=NEM&range=7&mgp=0&i=3&hdate=&x=9&y=5 This is the strongest NEM sell interest I've seen in at least a few months and maybe much longer, which supports the substantial correction scenario, as does a very bearish NEM Lead Indicator in recent months, and, the USD which is due to rebound sharply.

The gold/silver sector needs to get spanked right now due to the extreme complacency. I seem to be the lone short term bear. If you don't understand cycle trendlines and the nature of cycles, with a big assist from Elliot Wave (See http://www.joefrocks.com/GoldStockCharts.html for all the charts.), you won't know when to turn bearish. ....... http://www.JoeFRocks.com/