The NEM Lead Indicator = +0.33% Vs The XAU Today

The NEM Lead Indicator = +1.10% vs the XAU yesterday. HUI might have hit a short term cycle low mid session yesterday (reliable lead indicator NEM Wednesday) since HUI did an ABC down up down pattern after hitting a Wave 3 short term cycle high Wednesday, or, it may hit a short term cycle low (probably early) on Monday, see http://finance.yahoo.com/q/ta?s=%5Ehui&t=5d&l=off&z=l&q=b&p=&a=m26-12-9%2Cp12%2Cfs%2Cw14&c=, and, the XAU may have put in a short term cycle low late today, or, it may hit a short term cycle low (probably early) on Monday, 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=%5Exau.

Buying on Monday will take the balls to buy ahead of the FOMC's rate decision on Tuesday. Since the NEM Lead Indicator has turned clearly bullish the past two sessions I'll probably buy a few stocks on Monday if they fill downside gaps as expected, or even possibly if they don't. The Monthly Upcycle began early on Monday 7-24 and a 2% buy signal occurred on Tuesday 7-25. ....... http://www.JoeFRocks.com/