New Wave 4 Cycle Low Target Ranges - Revised Upward

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 versus the previous 240-250, 47-49 for NEM versus the previous 45-47, and 117-122 for the XAU versus the previous 112-117. This means that the maximum downside in Wave 4 for the more volatile HUI (than NEM/XAU) is about -27%, since HUI peaked very near 350 in Wave 3. NEM's Wave B short term upcycle of the Wave 4 minor intermediate term downcycle began at 53.21 on 2-13 shortly after filling it's downside gap at 53.40 from 1-3-06.
http://www.JoeFRocks.com/