4:12. we might still have the steeper retrace with the dollar-two possibilities right now.

3:15 pm PST. NEM makes me think we are entering wave 3. Backtested the trendline, the retrace was deep enough to be a wave 4. Often times, in my experience, when I think we are going to have a wave v, it morphs into a wave 3, especially in markets that are about to embark on a strong uptrend. This might be the case here, as NEM suggests. NEM looks like a good long-term buy as do a handful of other mining stocks.