............Looks Like Wave A Down Bottomed Today

The monthly downcycle's Wave A down appears to have bottomed at 144.01 for the XAU today: http://finance.yahoo.com/q/ta?s=%5Exau&t=5d&l=off&z=l&q=c&p=&a=m26-12-9%2Cp12%2Cfs%2Cw14&c= , so, the next 3-5 sessions should see a substantial rebound corresponding to the Wave B short term upcycle. Note that the downside gaps at 52.87 for NEM and at 145.47 for the XAU got filled today, and, as usual, an important cycle low probably occurred shortly after gap filling action was completed. ....... http://www.JoeFRocks.com/