Hangover/Sideways Action Is A Post Cycle High Hallmark

The hangover appears to have begun. 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 headfake rally/short term upcycle since early last Friday appears to have gone bust. Sideways action is the hallmark of post cycle high behavior. This is probably the flat part of a short term downcycle. The downside gap created at today's open at 148.25 for the XAU got filled, which is another sign that a short term downcycle has probably begun. ....... http://www.JoeFRocks.com/