.............................NEM Is Kickin It

Reliable lead indicator NEM is up about 3% right now, which is a great sign short term, and, confirms that a Wave 5 short term upcycle began late yesterday. Keep in mind that NEM's 6 month+ Wave 2 Cyclical Bear Market downtrend line since 1-31-06 should limit it's upside in this monthly upcycle to 55.50ish.

The XAU's downside gap at 144.96 created at today's open, see http://finance.yahoo.com/q/ta?s=%5Exau&t=5d&l=off&z=l&q=b&p=&a=m26-12-9%2Cp12%2Cfs%2Cw14&c= and NEM's downside gap at 51.92 created at today's open are short term breakaway gaps, which means that the monthly upcycle's (since 7-24) Wave 5 short term upcycle began late yesterday. ....... http://www.JoeFRocks.com/