Short Term Cycle High Occurred Late Yesterday
A short term cycle high probably occurred late yesterday, see http://finance.yahoo.com/q/ta?s=%5EHUI&t=5d&l=off&z=l&q=b&p=&a=m26-12-9,p12,fs,w14&c=. The double tops that HUI/XAU put in on 7-12 and 8-23 2006 are probably important ones, see http://finance.yahoo.com/q/ta?s=%5EHUI&t=3m&l=off&z=l&q=b&p=&a=m26-12-9,p12,fs,w14&c=. The XAU put in a perfect double top at 150.70 and HUI's was at 353.50 on 7-12 and 354.16 on 8-23. The next few weeks are likely to be brutal because the Cyclical Bear's (since 5-11-06 for HUI/XAU and since 1-31-06 for reliable lead indicator NEM) Wave A down probably entered the parabolic Wave C down after those double tops occurred. ....... http://www.JoeFRocks.com/