.............................Gap Filling Action

The XAU filled it's downside gap at 145.69 created at today's open, see http://finance.yahoo.com/q/ta?s=%5Exau&t=5d&l=off&z=l&q=b&p=&a=m26-12-9%2Cp12%2Cfs%2Cw14&c=, and, NEM filled it's downside gap at 52.39 created at today's open. SLW filled today's downside gap at 10.47 and will probably fill Wednesday's at 10.15ish.

The XAU is testing yesterday's potential short term cycle low, so, a short term cycle low may not have occurred yesterday. The XAU Put/Call Ratio's collapse to 0.69376 today from 0.74546 yesterday (August expiration) correctly portended a sharp decline today (from higher levels after today's large gap up). ....... http://www.JoeFRocks.com/