HUI/XAU Are Probably Doing A Very Short Term Wave A Downcycle

HUI/XAU are doing a (likely) very short term Wave A downcycle since yesterday's cycle high, 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=. The countertrend Wave B upcycle (began 12-18-07) probably peaked yesterday, which would mean that the downcycle since mid session yesterday is a very short term Wave A downcycle, and, if so, is the start of Wave C of the Wave A intermediate term downcycle since 11-7-07 (see http://stockcharts.com/charts/gallery.html?%24hui).

HUI has declined over -3.00% from yesterday's cycle high at 454.91, which is probably a countertrend Wave B cycle high (Wave B began 12-18-07) for the Wave A intermediate term downcycle since 11-7-07 (see http://stockcharts.com/charts/gallery.html?%24hui), when a Wave 2 Cyclical Bear Market probably began.

I'll be looking to short HUI/XAU today or Monday (via shorting the Gold Miners ETF GDX) during a very short term countertrend Wave B upcycle. I'll look for the NEM/WMT Lead Indicators to be bearish or at least near neutral/not overly bullish on an intraday basis (intraday chart, see http://finance.yahoo.com/q/ta?s=%5EXAU&t=1d&l=on&z=l&q=l&p=&a=&c=%5Ehui,nem).

....... http://www.JoeFRocks.com/ .

HUI NEM XAU