Trade the Cycles

Tuesday, May 23, 2006

Notice That Late Session Weakness Coincided With S & P 500 Weakness

See: http://finance.yahoo.com/q/ta?t=5d&s=%5EXAU&l=off&z=m&q=c&a=m26-12-9&a=p12&a=fs&a=w14&c=&c=%5EGSPC . SPX (S & P 500) drives index fund trading. Wave B up began on Monday for HUI/XAU, 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 NEM Lead Indicator was a bearish -1.04% vs the XAU today and was a combined bullish +1.20% the prior two sessions. ....... http://www.JoeFRocks.com/