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

It looks like a short term cycle high occurred yesterday for HUI/NEM/XAU that appears to also be an important minor intermediate term cycle high for the cycle that began on 6-13-06 and the beginning of a dramatic decline in HUI/NEM/XAU in which the Cyclical Bear Market's (since 5-11-06 for HUI/XAU and since 1-31-06 for reliable lead indicator NEM) Wave A bottoms, and, that downside gap filling action has begun, with NEM's downside gap at 51.11 from yesterday probably being the first downside gap to get filled. After that watch the XAU's downside gaps at 147.49 from yesterday's open, at 144.75 created at 8-31's open, and, at 140.77 from 8-21. For recent action, see http://finance.yahoo.com/q/ta?s=%5EXAU&t=5d&l=off&z=l&q=c&p=&a=m26-12-9,p12,fs,w14&c. ....... http://www.JoeFRocks.com/