.......Welcome To Gap Filling Palooza 2006!

The major upcycle's (since 5-16-05) Elliot Wave 4 that is, in which 20-30% declines in HUI, NEM, and the XAU are likely, based on what happened in the previous long term upcycle's parabolic major upcycle in 2003, in which the XAU fell -25.11% and HUI fell -26.59% from late January 2003 to March 13, 2003, a 7 week decline. Since the long term cycles are getting larger and longer this Wave 4 correction could and probably will exceed the previous one in time and depth. My enter key isn't working in Blogger for some weird reason, sorry about that. That's why I'm not able to make spaces between paragraphs. See the latest 1 year charts dated 1-27-06 that show the likely Elliot Wave points for the major upcycle since 5-16-05, and, very important, see NEM's 1 year chart dated 1-20-06 that shows how I arrived at 9-30-05 being the Wave 1 cycle high, which is how I arrived at the Elliot Wave Points for the major upcycle since 5-16-05, and indicates that yesterday's highs probably aren't long term cycle highs, they're important Elliot Wave 3 cycle highs, but not the major/final Elliot Wave 5 cycle highs for the major upcycle since 5-16-05 that will also be long term cycle highs for the long term upcycle since 5-10-04. See http://www.joefrocks.com/GoldStockCharts.html for all the charts. My home page is http://www.JoeFRocks.com/ and the Trade the Cycles web page is http://www.joefrocks.com/TradetheCycles.html for the weekly update. Scroll down a few pages past the major averages work to see the gold/silver stock work. XAU Implied Volatility portends some weakness today because it rose to 36.13 yesterday from 34.99 on 1-30 vs the XAU rising +3.01% yesterday, which is an unusually large (> 6%) rise in fear that portends some weakness today. The XAU Put/Call rose to 1.2338273 today from 1.20815 yesterday which portends ome strength today. The NEM Lead Indicator at -1.55% yesterday and -0.40% so far today vs the XAU portends weakness today. Fed credit so far today is a relatively modest $5 Billion 1 day repo after a small $2.75 Billion 1 day Repo yesterday. Now that Fed Chairman the bubblemaster "Goldspan" has retired, he must have added 15-20% on to Wave 3 with his punch spiking in Dec/Jan, maybe the punch spking will decline. You want gaps? NEM has downside gaps to fill at 60.91 from 1-31, at 59.20 from 1-30, at 56.97 from 1-25, at 53.40 from 1-3, at 51.59 from 12-28, at 50.45 from 12-22, and at 48.75 from 12-7, and, the XAU has downside gaps at 149.68 from 1-31, at 146.79 from 1-30, at 141.29 from 1-25, at 137.64 from 1-19, at 135.39 from 1-6, at 128.03 from 1-3, at 124.36 from 12-28, and at 122.49 from 12-22. Often cycle highs or lows will occur shortly after gaps get filled, so one needs to track gaps closely. If gaps don't get filled that can be a bearish or bullish sign, as occurred recently when NEM twice closely approached (daily cycle lows at 48.88 and 48.89) but didn't fill it's downside gap at 48.75, then the recent explosive rally occurred. Ciao!