Here is a good illustration of what Wave construction looks like, from one who is a Master of the trade. The Gold market is directly tied, to that of the Mining stocks, of which SUGO is one. 3-charts: Gold chart - Technically illustrated Gold chart - without the technicals SUGO chart http://caldaro.wordpress.com/ $Gold looks to be starting an uptrend as well, gaining 2.2% on the week. http://stockcharts.com/c-sc/sc?s=%24GOLD&p=D&b=3&g=0&id=p87854783623&a=67199592&r=726 http://stockcharts.com/c-sc/sc?s=$GOLD&p=D&yr=0&mn=10&dy=0&i=p18907413406&r=1353773514786 http://stockcharts.com/c-sc/sc?s=SUGO&p=D&yr=0&mn=10&dy=0&i=p30455435857&r=1353773554902