Say Hello And Goodbye To HUI's Wave 3 Of The Short Term Countertrend Wave B Upcycle Since 4-1-08

Say hello and probably goodbye to HUI's Wave 3 (began just after Monday 4-14's open, http://stockcharts.com/charts/gallery.html?%24hui) of the short term countertrend Wave B upcycle since 4-1-08, see http://finance.yahoo.com/q/ta?s=%5Ehui&t=5d&l=off&z=l&q=c&p=&a=m26-12-9%2Cp12%2Cfs%2Cw14&c=.

HUI has done an Elliott Wave 12345 up down up down up pattern since just after Monday 4-14's open, and, note how little time HUI is spending in an uptrend, 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, with nearly all of HUI's Wave 3 of Wave B gains (began on 4-14 just after the plunge at the open) coming during brief spike moves early in the session, which is typical countertrend Wave B type action/behavior.

HUI's Wave 3 of the short term Wave B since 4-1-08 will probably peak today (appears to have peaked as I write this), so, HUI should do Wave 4 down the next session or two, which means that Wave 4 might bottom tomorrow or Friday.

SPX (S & P 500, http://stockcharts.com/charts/gallery.html?%24spx) and NDX(NASDAQ 100, http://stockcharts.com/charts/gallery.html?%24ndx) put in monthly cycle lows yesterday 4-15, 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, and, RUT (Russell 2000, http://stockcharts.com/charts/gallery.html?%24rut) also put in a monthly cycle low yesterday 4-15.

I'll be on vacation tomorrow 4-17 through Monday 4-21, so, the next market update won't be until Tuesday 4-22 at the earliest. I probably will be trading tomorrow, but, won't do a post market update. I might post during the session as I did today. May the force be with you.

For additional important pertinent Trade the Cycles info see http://tradethecycles.blogspot.com/2008/04/spx-s-p-500-might-have-put-in-short_07.html.

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

HUI NEM XAU