.........No Change From Yesterday's Update

I'm looking to short NDX (NASDAQ 100) again via QID and I'm looking to short HUI again via shorting GDX in the next day or two, as discussed yesterday, see http://tradethecycles.blogspot.com/2007/12/i-ended-up-day-trading-ndx-nasdaq-100.html.

Today was a weak session for most of the session, with a very short term countertrend Wave B rebound probably beginning late in the session (actually began yesterday, since NDX bottomed late yesterday, but, the intraday downtrend line wasn't broken until late today), see http://finance.yahoo.com/q/ta?s=%5Endx&t=5d&l=off&z=l&q=c&p=&a=m26-12-9%2Cp12%2Cfs%2Cw14&c=.

The WMT Lead Indicator was a very bearish -1.80% versus SPX (S & P 500) on 12-12 and was +0.09% on 12-13. The NEM Lead Indicator was a very bearish -1.71% versus the XAU on 12-12 and was a very bullish +1.93% on 12-13.

HUI/XAU's Wave 2 Cyclical Bear Market basically began 5-11-06, see charts 7 and 9 at http://www.joefrocks.com/GoldStockCharts.html. The primary Secular Bull Market trendlines since late 2000 are at 210-230 for HUI and at 90-95 for the XAU. Those are the targets for where the Wave 2 Cyclical Bear Market will bottom. ....... http://www.JoeFRocks.com/ .

HUI NEM XAU