Trade the Cycles

Wednesday, August 09, 2006

Looking To Trade CDE, SLW Wave 5 Short Term Upcycle

SLW, Silver Wheaton, hasn't broken it's short term downcycle trendline yet (see http://finance.yahoo.com/q/ta?s=slw&t=5d&l=off&z=l&q=l&p=&a=m26-12-9%2Cp12%2Cfs%2Cw14&c=) and CDE, Coeur D'Alene Mines, has done so, but has done an Elliot Wave 12345 very short term upcycle that began very late yesterday (see http://finance.yahoo.com/q/ta?s=cde&t=5d&l=off&z=l&q=l&p=&a=m26-12-9%2Cp12%2Cfs%2Cw14&c=) and peaked late today, so I'm waiting for an ABC correction before (probably) buying it. ....... http://www.JoeFRocks.com/