Trade the Cycles

Friday, September 22, 2006

Reliable Lead Indicator NEM Is Leading To The Downside Right Now

Reliable lead indicator NEM is leading to the downside right now, with the NEM Lead Indicator at -0.75% versus the XAU. Wave B up of the major downcycle since 9-6 for HUI/XAU (since 9-5 for reliable lead indicator NEM) may have begun yesterday (Wednesday for reliable lead indicator NEM), but, a test appears likely late today or early on Monday. Caution is in order to put it mildly. ....... http://www.JoeFRocks.com/