Trade the Cycles

Friday, September 01, 2006

..............Weakness Likely Early Next Week

The NEM Lead Indicator was a bearish -0.60% versus the XAU today and was a very bearish -1.90% versus the XAU yesterday. See the very bearish five day NEM Lead Indicator chart: http://finance.yahoo.com/q/ta?s=%5EXAU&t=5d&l=off&z=m&q=l&p=&a=&c=%5Ehui,nem. So, at some point (probably early) next week HUI/XAU should experience a sharp decline. Since HUI/XAU probably hit short term cycle highs today, because reliable lead indicator NEM did so yesterday, HUI/XAU will probably take a dive early next week. Monday is a Holiday in the US (Labor Day). ....... http://www.JoeFRocks.com/