The Five Day Reliable Walmart (WMT) Lead Indicator Says Look To SHORT
The five day reliable Walmart (WMT) Lead Indicator says/"screams" look to SHORT, see http://finance.yahoo.com/q/ta?s=%5EHUI&t=5d&l=off&z=l&q=l&p=&a=m26-12-9,p12,fs,w14&c=wmt,%5EGSPC. The five day WMT Lead Indicator chart is a great chart to save and refer to every day.
Since the major averages put in Wave A intermediate term cycle lows last week (http://stockcharts.com/charts/gallery.html?%24spx) and HUI/XAU are in a short term Wave C downcycle since early last Friday (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 and see http://stockcharts.com/charts/gallery.html?%24hui) after putting in an intermediate term and probably also Wave 1 Cyclical Bull Market cycle high on 1-14-08, it obviously makes sense to look to short HUI/XAU via shorting the Gold Miners ETF GDX.
....... http://www.JoeFRocks.com/ .
HUI NEM XAU
Since the major averages put in Wave A intermediate term cycle lows last week (http://stockcharts.com/charts/gallery.html?%24spx) and HUI/XAU are in a short term Wave C downcycle since early last Friday (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 and see http://stockcharts.com/charts/gallery.html?%24hui) after putting in an intermediate term and probably also Wave 1 Cyclical Bull Market cycle high on 1-14-08, it obviously makes sense to look to short HUI/XAU via shorting the Gold Miners ETF GDX.
....... http://www.JoeFRocks.com/ .
HUI NEM XAU
Labels: Gold, Gold Stocks, HUI, NEM, Silver, Silver Stocks, SPX, XAU
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