SPX (S & P 500) Did A Wave 5 Move At The Open As Expected
SPX (S & P 500) did a Wave 5 (spike) move at the open as expected, see http://finance.yahoo.com/q/ta?s=%5Espx&t=5d&l=off&z=l&q=c&p=&a=m26-12-9%2Cp12%2Cfs%2Cw14&c=. Late yesterday 3-17 SPX did an up down up down and was due for a Wave 5 up move early today.
The WMT Lead Indicator is bearish right now, see http://finance.yahoo.com/q/ta?s=%5EHUI&t=1d&l=off&z=l&q=l&p=&a=m26-12-9,p12,fs,w14&c=wmt,%5EGSPC.
NEM is leading HUI/XAU/gold/silver lower right now, see http://finance.yahoo.com/q/ta?s=^XAU&t=1d&l=on&z=m&q=l&p=&a=&c=^hui,nem.
HUI/XAU/gold/silver should soon be in a Wave 2 Cyclical Bear Market, see http://tradethecycles.blogspot.com/2008/03/gold-and-silvers-two-cyclical-bear.html.
Beware of rampant corruption in the precious metals sector, see http://tradethecycles.blogspot.com/2008/03/gold-and-gold-mining-scams-are.html. Even many originally well intentioned gold writers have been influenced by the scam artists and mindless cheerleaders that permeate the sector, and, have become worthless goofballs. A technical analyst/market timer with an agenda? Obviously worthless. A sham.
If it sounds too good to be true it probably is. Gold and silver are outstanding investments/trading vehicles TIMED PROPERLY. Got cycles?
....... http://www.JoeFRocks.com/ .
HUI NEM XAU
The WMT Lead Indicator is bearish right now, see http://finance.yahoo.com/q/ta?s=%5EHUI&t=1d&l=off&z=l&q=l&p=&a=m26-12-9,p12,fs,w14&c=wmt,%5EGSPC.
NEM is leading HUI/XAU/gold/silver lower right now, see http://finance.yahoo.com/q/ta?s=^XAU&t=1d&l=on&z=m&q=l&p=&a=&c=^hui,nem.
HUI/XAU/gold/silver should soon be in a Wave 2 Cyclical Bear Market, see http://tradethecycles.blogspot.com/2008/03/gold-and-silvers-two-cyclical-bear.html.
Beware of rampant corruption in the precious metals sector, see http://tradethecycles.blogspot.com/2008/03/gold-and-gold-mining-scams-are.html. Even many originally well intentioned gold writers have been influenced by the scam artists and mindless cheerleaders that permeate the sector, and, have become worthless goofballs. A technical analyst/market timer with an agenda? Obviously worthless. A sham.
If it sounds too good to be true it probably is. Gold and silver are outstanding investments/trading vehicles TIMED PROPERLY. Got cycles?
....... http://www.JoeFRocks.com/ .
HUI NEM XAU
Labels: Gold, Gold Stocks, HUI, NEM, Silver, Silver Stocks, SPX, XAU
posted by Joe Ferrazzano at
7:00 AM
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