The Trendline To Watch, Reliable Lead Indicator NEM's

The trendline to watch is reliable lead indicator NEM's minor intermediate term upcycle (since 10-4-06) trendline, which is basically defined by connecting the cycle lows since 10-4-06. There's one segment from 10-4-06 until mid November (use the day after the mid November monthly cycle low, which is why I said "basically" above), then there's another more sharply rising segment from mid November, that connects the two short term cycle lows in NEM's latest monthly upcycle, see http://finance.yahoo.com/q/ta?s=NEM&t=3m&l=off&z=l&q=c&p=&a=m26-12-9,p12,fs,w14&c==. When reliable lead indicator NEM's two segment parabolic uptrend line clearly breaks down/hits a 2% follow through sell signal, the "fun" on the downside should begin in earnest.

HUI/XAU's Wave 2 Cyclical Bear Market began 5-11-06, see charts 5 and 7 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 6 at http://www.joefrocks.com/GoldStockCharts.html. ....... http://www.JoeFRocks.com/ .

HUI NEM XAU