Trade the Cycles

Friday, May 19, 2006

.........Wave A Down May Have Bottomed Today

See: http://finance.yahoo.com/q/ta?s=%5Exau&t=5d&l=off&z=l&q=c&p=&a=m26-12-9%2Cp12%2Cfs%2Cw14&c= . The NEM Lead Indicator was a bearish -0.41% yesterday but was a bullish +0.80% vs the XAU today.

The XAU has downside gaps at 134.17 from 3-29, at 3-27's open at 133.40 and one at 3-24's open at 130.03, and, NEM has a downside gap at 49.24 from 3-24.

....... http://www.JoeFRocks.com/