The Highly Useful Yahoo Five Day Intraday Chart

A highly useful tool for gauging short term cycles and longer cycles near important turning points is Yahoo's five day intraday chart, see HUI's 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=. Note that if you connect the peaks since early Monday they are rolling over/flattening out dramatically, and, the rising bottoms uptrend line broke down on Friday. Also, HUI's flat action after Friday's likely monthly cycle high (cycle began 10-4-06) is a sign that HUI may have hit a monthly cycle high.

The monthly cycle since 10-4-06 is probably the start of the 3-6 monthish Wave B up of HUI/XAU's Wave 2 Cyclical Bear Market since 5-11-06, see the first chart at http://www.joefrocks.com/GoldStockCharts.html. NEM's Wave 2 Cyclical Bear Market that began on 1-31-06 ended on 10-4-06 at 39.84, so, reliable lead indicator NEM is probably in a 5 yearish Wave 3 Cyclical Bull Market since 10-4-06, see chart 4 at http://www.joefrocks.com/GoldStockCharts.html. ....... http://www.JoeFRocks.com/ .

HUI NEM XAU