Looks Like A Wave B Double Bottom For HUI/XAU

Wave B up probably began on Monday for HUI/XAU, see http://finance.yahoo.com/q/ta?t=5d&l=off&z=m&q=c&p=&a=m26-12-9%2Cp12%2Cfs%2Cw14&c=&s=%5Exau , with the XAU's cycle low on Monday at 133.17 forming a near perfect double bottom with today's cycle low at 133.19, and, HUI also has a double bottom. Notice how closely the XAU tracked SPX (S & P 500) again today: http://finance.yahoo.com/q/ta?t=5d&s=%5EXAU&l=off&z=m&q=c&a=m26-12-9&a=p12&a=fs&a=w14&c=&c=%5EGSPC. The NEM Lead Indicator was a bullish +0.79% vs the XAU today, a bearish -1.04% vs the XAU yesterday, and, was a combined bullish +1.20% the prior two sessions. ....... http://www.JoeFRocks.com/