The Wave B Short Term Upcycle Since Early Monday Appears To Have Peaked

HUI/XAU's Wave B short term upcycle (of the major downcycle since 9-6) since early Monday appears to have peaked, see http://finance.yahoo.com/q/ta?s=%5EHUI&t=5d&l=off&z=l&q=c&p=&a=m26-12-9,p12,fs,w14&c=. Wave B rolled over as the week progressed and appears to have peaked today. The sideways action today is typical of what occurs near cycle highs/lows (the flat topping part of the cycle). If Wave C has begun then HUI/XAU should experience a dramatic decline during the next week or so, in which Wave A of their Cyclical Bear Market since 5-11-06 bottoms, probably in the 100-110 range for the XAU. ....... http://www.JoeFRocks.com/

HUI NEM XAU