Weak S & P 500 (SPX) Early Today Equals Weak HUI/NEM/XAU

Just as a strong SPX meant strength yesterday. If you look at the past two days (http://finance.yahoo.com/q/ta?s=%5EGSPC&t=5d&l=off&z=l&q=l&p=&a=m26-12-9,p12,fs,w14&c=) SPX did a 12345 Elliot Wave upcycle, so today's weakness is no surprise. SPX drives index fund trading, which is a huge factor that most are unaware of. Notice how closely HUI tracked SPX (S & P 500) recently: http://finance.yahoo.com/q/ta?t=5d&s=%5EHUI&l=off&z=m&q=c&a=m26-12-9&a=p12&a=fs&a=w14&c=&c=%5EGSPC.

Tuesday 6-13 was the bottom for (probably) Wave A down of the Wave 2 Cyclical Bear Market's Wave A down, that is also probably the start of an 18-24 month Cyclical Bear Market, so it wasn't really a correction because it's probably the start of an 18-24 month downtrend/Wave 2 Cyclical Bear Market for HUI/XAU. For recent action 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=%5Ehui. ....... http://www.JoeFRocks.com/