Reliable Lead Indicator NEM Is Getting Squeezed

In reliable lead indicator NEM's one year chart dated 9-1-06, see the first chart at http://www.joefrocks.com/GoldStockCharts.html, one can see that NEM is triangulating and getting squeezed into an ever tighter trading range, and, appears to be on the brink of experiencing a major breakdown, which jives with the expected dramatic decline in the near future, in which Wave A of HUI/XAU's Cyclical Bear Market since 5-11-06 bottoms. Note also that the strength of NEM's Cyclical Bear Market downtrend since 1-31-06 has become greater, since there's a second more sharply declining segment. ....... http://www.JoeFRocks.com/