NEM/XAU's Upside Gaps From Last Tuesday's Huge Decline

NEM and the XAU made large breakaway gaps to the downside last Tuesday, when NEM fell -5.37% and the XAU fell -6.63%. Those upside gaps are at 43.21 for NEM and at 129.18 for the XAU. Right now it looks like NEM and the XAU will fail to fill those upside gaps, which would confirm the bearish case, but, I'm waiting for the situation to resolve itself before buying XAU Puts. The NEM Lead Indicator is a bearish -0.60% vs the XAU right now, which indicates that NEM and the XAU probably will fail to fill those upside gaps, as does the fact that NEM and the XAU have rolled over dramatically/flattened out since early Friday (NEM double top at 42.14 and 42.16), see 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==. ....... http://www.JoeFRocks.com/

HUI NEM XAU