.......A New Annotated XAU Candlestick Chart
I did a new annotated XAU candlestick chart, see chart one at http://www.joefrocks.com/GoldStockCharts.html.
The XAU's intermediate term upcycle that began 8-16-07 (http://stockcharts.com/charts/gallery.html?%24xau) and the Wave 1 Cyclical Bull Market since October 2000 (HUI's started November 2000) probably peaked in dramatic rollover mode on 1-14-08 versus the 11-7-07 and the 5-11-06 cycle highs (5-11-06 obviously applies to only the Wave 1 Cyclical Bull Market).
An XAU/HUI short term countertrend Wave B cycle high probably occurred today/on 1-30-08, when this chart was made.
....... http://www.JoeFRocks.com/ .
HUI XAU
The XAU's intermediate term upcycle that began 8-16-07 (http://stockcharts.com/charts/gallery.html?%24xau) and the Wave 1 Cyclical Bull Market since October 2000 (HUI's started November 2000) probably peaked in dramatic rollover mode on 1-14-08 versus the 11-7-07 and the 5-11-06 cycle highs (5-11-06 obviously applies to only the Wave 1 Cyclical Bull Market).
An XAU/HUI short term countertrend Wave B cycle high probably occurred today/on 1-30-08, when this chart was made.
....... http://www.JoeFRocks.com/ .
HUI XAU
posted by Joe Ferrazzano at
3:06 PM
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