Reliable Lead Indicator NEM Began a Wave 2 Cyclical Bear Market on 1-31-06

Keep in mind that Reliable Lead Indicator NEM began an 18 monthish Wave 2 Cyclical Bear Market on 1-31-06 and HUI/XAU did so on 5-11-06, for the Secular Bull Market/very long term upcycle that began in late 2000. NEM has a six month downtrend line while HUI/XAU's Wave 2 Cyclical Bear Market downtrend line (first relatively flat segment) will be established when the minor intermediate term upcycle (comprised of two monthly cycles, the first monthly upcycle peaked 7-12) that began on 6-13 peaks. ....... http://www.JoeFRocks.com/