NEM Down -5.71% And NEM Lead Indicator = -2.26% Vs The XAU Today

There should be another -10-15% downside before the Wave C short term downcycle and the Wave 4 minor intermediate term downcycle since 1-31-06 bottom. Shortly after NEM fills it's downside gap at 48.75 from 12-7 and the XAU fills it's downside gap at 122.49 from 12-22 Wave 4 should bottom. Based on that and the latest major upcycle trendlines (see latest 1 year charts, http://www.joefrocks.com/GoldStockCharts.html ) my Wave 4 cycle low target ranges are 255-265 for HUI (was 240-250), 47-49 for NEM (was 45-47), and 117-122 for the XAU (was 112-117). http://www.JoeFRocks.com/