HUI's Cycles and Elliott Wave Count, See New Annotated Chart 8, Jive With A Wave 2 Cyclical Bear Market Beginning on 3-17-08

HUI's (AMEX Gold Bugs Index) cycles and Elliott Wave Count, see new annotated chart 8 at http://www.joefrocks.com/GoldStockCharts.html, jive with a Wave 2 Cyclical Bear Market beginning on 3-17-08. There are clearly three prominent cycle highs from November 2000 (Wave 1 of a Secular Bull Market began) to 3-17-08's likely Wave 1 Cyclical Bull Market cycle high, corresponding to Elliott Wave 1, 3, and 5 Long Term cycle highs.

Note that there are two very large very bearish spikes that occurred in 2008 on HUI's candlestick chart, on 3-17-08 and on 7-15-08 (when the Wave C crash began after 7-15-08's countertrend Wave B cycle high, of Wave A down, of the Wave 2 Cyclical Bear Market since 3-17-08).

.......http://www.JoeFRocks.com/

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