Another Trade The Cycles Example, Berkshire Hathaway Inc. (BRK-A)
Berkshire Hathaway Inc. (BRK-A) had a nearly eight year Cyclical Bull Market from late 1990 until mid 1998 that did an Elliott Wave 12345 up down up down up pattern, see http://finance.yahoo.com/q/bc?s=BRK-A&t=my&l=off&z=l&q=c&c==. Then BRK-A did an Elliott Wave ABC down up down Cyclical Bear Market for nearly two years during the bubble in growth stocks (BRK-A being a value stock), bottoming at about the time the bubble/very long term Secular Bull Market cycle highs occurred for NDX/SPX.
Since then BRK-A has done a seven year Elliott Wave 12345 up down up down up Cyclical Bull Market, that appears to have (the third/final Wave 5) peaked in December, see http://finance.yahoo.com/q/bc?s=BRK-A&t=6m&l=off&z=l&q=c&c==. So, I'd (me personally, I'm not suggesting what anyone else should do) sell BRK-A now if I owned it. One would also use gaps for timing BRK-A. Cycle trendlines/channels used in concert with Elliott Wave patterns and gaps is the basis/crux of "Trade the Cycles."
HUI/XAU's Wave 2 Cyclical Bear Market began 5-11-06, see charts 7 and 9 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 5-6 yearish Wave 3 Cyclical Bull Market since 10-4-06, see chart 8 at http://www.joefrocks.com/GoldStockCharts.html. ....... http://www.JoeFRocks.com/ .
HUI NEM XAU
Since then BRK-A has done a seven year Elliott Wave 12345 up down up down up Cyclical Bull Market, that appears to have (the third/final Wave 5) peaked in December, see http://finance.yahoo.com/q/bc?s=BRK-A&t=6m&l=off&z=l&q=c&c==. So, I'd (me personally, I'm not suggesting what anyone else should do) sell BRK-A now if I owned it. One would also use gaps for timing BRK-A. Cycle trendlines/channels used in concert with Elliott Wave patterns and gaps is the basis/crux of "Trade the Cycles."
HUI/XAU's Wave 2 Cyclical Bear Market began 5-11-06, see charts 7 and 9 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 5-6 yearish Wave 3 Cyclical Bull Market since 10-4-06, see chart 8 at http://www.joefrocks.com/GoldStockCharts.html. ....... http://www.JoeFRocks.com/ .
HUI NEM XAU
Labels: Gold, Gold Stocks, HUI, NEM, Silver, Silver Stocks, SPX, XAU