Trade the Cycles

Saturday, April 12, 2008

.......A Correction For Yesterday's HUI Update

HUI's Wave C (began just after yesterday 4-10's open (NOT 4-11 as I said yesterday)) of Wave 2 (began Monday 4-7) of the short term countertrend Wave B upcycle since 4-1-08 began just after 4-10's open (NOT 4-11), see http://finance.yahoo.com/q/ta?s=%5Ehui&t=5d&l=off&z=l&q=c&p=&a=p12%2Cfs%2Cw14&c. HUI's Wave A of Wave 2 (of the short term Wave B) bottomed at 442.28 on Tuesday 4-8, and, by session's end HUI was approaching the Wave A cycle low at 442.28 from 4-8 (actually took out the Wave A cycle low). Early on Monday HUI/XAU/gold's very short term Wave 2 downcycle should bottom.

Thanks to reader Bill H.

.......http://www.JoeFROCKS.com/ .

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