Trade the Cycles

Tuesday, August 22, 2006

Today's Upside Gaps Filled And Bearish HUI Triple Top

NEM and the XAU filled today's upside gaps (created at the open) at 52.55 and 147.68. Watch yesterday's downside gaps at 50.71 for NEM and at 140.77 for the XAU. See http://finance.yahoo.com/q/ta?s=%5Exau&t=5d&l=off&z=l&q=c&p=&a=m26-12-9%2Cp12%2Cfs%2Cw14&c= for the XAU 5 day chart. HUI may be putting in a bearish triple top today, with a high so far at 347.90 vs the 348.84 monthly cycle high on 8-9 and 348.74 on 8-2. ....... http://www.JoeFRocks.com/