Trade the Cycles

Thursday, October 19, 2006

Looks Like The Wave 5 Short Term Upcycle Began Late Yesterday

It's very likely the Wave 5 short term upcycle, that could also still be part of a big Wave 3 short term upcycle (for the monthly upcycle since 10-4-06), began late yesterday. HUI has done an Elliot Wave 12345 up down up down up pattern since late yesterday, and, exceeded the previous short term cycle high that occurred last Monday, 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==, which means that a new short term upcycle is in effect.

For recent XAU action see http://finance.yahoo.com/q/ta?s=%5Exau&t=5d&l=off&z=l&q=b&p=&a=m26-12-9%2Cp12%2Cfs%2Cw14&c=. ....... http://www.JoeFRocks.com/