Monthly Upcycle Elliot Wave 4 Short Term Downcycle Baby

HUI, NEM, and the XAU appear to have hit Elliot Wave 3 short term cycle highs today with NEM and the NEM dominated XAU ( http://finance.yahoo.com/q/ta?s=%5Exau&t=5d&l=off&z=l&q=b&p=&a=m26-12-9%2Cp12%2Cfs%2Cw14&c= ) doing so very early in the session and HUI doing so much later in the session. All three had very flat sessions today (see 5 day XAU chart the the link above) after early strength/gaps up at the open.

It appears that NEM and the XAU will fill downside gaps at 46.05 and 114.29 tomorrow, then, the fact that the NEM Lead Indicator was bullish yet again today at +0.35% (NEM outperformed the XAU by that amount), indicates that the likely short term downcycle in effect now will probably be a relatively shallow one, so short term cycle traders like myself will have to be nimble Jack. It appears that there will be modest downside after the gaps get filled, then it's probably back to the races in the Elliot Wave 5 short term upcycle that could culminate in a monthly cycle high. Buckle up!