See the second chart at http://www.joefrocks.com/GoldStockCharts.html I see no other interpretation than the one on the chart which indicates that...
studyandtrade, I have a system called "Trade the Cycles" that uses buy/sell signals based upon cycle trendlines breaking down or up, NOT...
HUI, NEM, and the XAU began Elliot Wave 4 down early on Tuesday, for the major upcycle since 5-16-05.
HUI, NEM, and the XAU should soon begin Elliot Wave 4 down for the major upcycle since 5-16-05. There should be a 15-20% correction = Elliot Wave...
Look at NEM's major upcycle (since 5-16-05) rising bottoms uptrend line the past 6 months and it could drop below 50 to the 46-48 range.
As I said, an Elliot Wave 4 down for the major upcycle since 5-16-05 (for the stocks) is about to begin (there was more upside today) and gold...
Elliot Wave is secondary to cycle channels/trendlines, but is very useful because it provides a likely cycle structure. Looking at HUI, NEM, and...
You have to use cycle trendlines in order to consistently (key word) time any market. They are the primary market timing consideration.
Why did it disappear from the list?
????
Federal Reserve Bank Credit: http://www.federalreserve.gov/releases/h41/Current/ It plunged last week which should result in a stock market...
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