Yamana Gold Inc. (AUY) Likely Cyclical Bull Market Cycle High On 3-17-08

Yamana Gold Inc. (AUY) put in a likely Cyclical Bull Market cycle high at 19.93 on 3-17-08, see http://finance.yahoo.com/q/ta?s=AUY&t=5y&l=off&z=l&q=c&p=&a=m26-12-9,p12,fs,w14&c=, coinciding (not surprisingly) with HUI's likely Cyclical Bull Market cycle high on 3-17-08 and the XAU's on 3-14-08. Note the large bearish spike on AUY's 5 year chart at the link above. Wave 1 of AUY's Cyclical Bull Market peaked in 2006, Wave 3 peaked in 2007, and, Wave 5 peaked on 3-17-08.

AUY's collapse (19.93 to 12.24 is a -38.59% decline so far) since 3-17-08 is a very strong 5% follow through major sell signal, see http://finance.yahoo.com/q/ta?s=AUY&t=3m&l=off&z=l&q=c&p=&a=m26-12-9,p12,fs,w14&c=. The dramatic "fall off a cliff" decline indicates that AUY has probably entered a 1-2 year Cyclical Bear Market. Note the large bearish spike on AUY's 3 month chart at the link above.

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

NEM XAU HUI