Short Term Cycle High "Probably" Occurred Early Today

See http://finance.yahoo.com/q/ta?s=%5EXAU&t=5d&l=off&z=l&q=b&p=&a=m26-12-9,p12,fs,w14&c=. A good entry point for monthly cycle traders may occur tomorrow, partly because the Fed almost always spikes the index fund trader punch on Thursdays, see http://www.newyorkfed.org/markets/omo/dmm/temp.cfm?SHOWMORE=TRUE. Keep in mind that the XAU's large gap up today may be a breakaway gap, so more upside "surprise" may occur.

The down phase of short term cycles usually only lasts a session or two, so one must be fairly nimble to enter at the right time. Basically one should buy shortly after a respectable plunge has occurred (the parabolic Wave C) and a relatively flat uptrend is in effect. ....... http://www.JoeFRocks.com/