HUI/XAU/GDX/GLD Are Doing A Countertrend Wave B Bounce

HUI/XAU/GDX/GLD are doing a brief countertrend Wave B bounce that will probably peak today 7-17, see http://finance.yahoo.com/q/ta?s=%5Ehui&t=5d&l=off&z=l&q=c&p=&a=p12%2Cfs%2Cw14&c=, following the Wave A type crash that occurred the prior two days. I'm looking to double short gold via DZZ today.

GDX/HUI/XAU/GLD entered Wave C of the Wave A Major Intermediate Term Downcycle (since mid March) very early on 7-15-08, see http://finance.yahoo.com/q/ta?s=%5Ehui&t=5d&l=off&z=l&q=c&p=&a=m26-12-9%2Cp12%2Cfs%2Cw14&c=, and, see http://stockcharts.com/charts/gallery.html?gdx.

The severe weakness after very brief strength on 7-15-08 looks like (very likely) the start of the Wave C minor intermediate term downcycle, see http://finance.yahoo.com/q/ta?s=%5Ehui&t=5d&l=off&z=l&q=c&p=&a=m26-12-9%2Cp12%2Cfs%2Cw14&c=.

.......http://www.JoeFRocks.com/

NEM XAU HUI