Trade the Cycles

Thursday, September 07, 2006

S & P 500's (SPX) Weakness Is A Major Factor

S & P 500's (SPX) weakness in recent days is a major factor behind HUI/NEM/XAU weakness,
see
http://finance.yahoo.com/q/ta?t=5d&s=%5EHUI&l=off&z=l&q=c&a=m26-12-9&a=p12&a=fs&a=w14&c=&c=%5EGSPC. The S & P 500 (SPX) drives computerized index fund trading, which is a huge factor that most are unaware of. Since gold/silver stocks are likely to experience a dramatic decline the next few weeks (in which Wave A of HUI/XAU's Cyclical Bear Market since 5-11-06 bottoms), this means that SPX will (probably must) also experience a substantial decline. Reliable lead indicator NEM has been in a Cyclical Bear Market since 1-31-06. ....... http://www.JoeFRocks.com/