Trade the Cycles

Wednesday, August 02, 2006

NEM Appears To Be Rolling Over/Flattening Out Today

See http://finance.yahoo.com/q/ta?s=nem&t=5d&l=off&z=l&q=b&p=&a=m26-12-9%2Cp12%2Cfs%2Cw14&c=. NEM looks like it'll fill it's downside gap at 52.30 created at today's open, but, the XAU's gap up today looks like a breakaway gap, so there may be continued upside surprise. Some weakness and a buying opportunity for monthly cycle traders is "likely" in the next session or two. ....... http://www.JoeFRocks.com/