The Wave 1 Short Term Upcycle Appears To Have Peaked

Just after the open today. There's an Elliot Wave 12345 pattern, 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. Also, the very bearish NEM Lead Indicator at -1.26% vs the XAU right now jives with a short term cycle high occurring just after the open today. The Monthly Upcycle's (began early on Monday, 2% buy signal occurred Tuesday) Wave 1 short term upcycle has probably peaked for HUI/NEM/XAU, so, an entry point for monthly cycle traders should occur in the next few sessions when Wave 2 bottoms. ....... http://www.JoeFRocks.com/