The NEM Lead Indicator = -1.22% Vs The XAU Today

The NEM Lead Indicator was a very bearish -1.22% vs the XAU today. The Wave 2 Short Term Downcycle since early yesterday is probably doing an Elliot Wave ABC down up down pattern with yesterday being Wave A down and today being Wave B up, which means at some point on Monday Wave C and a sharp decline is likely. 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 Monthly Upcycle began early on Monday 7-24 and a 2% buy signal occurred on Tuesday 7-25. An entry point for monthly cycle traders should occur in the next few sessions when Wave 2 bottoms. ....... http://www.JoeFRocks.com/