[ABX] update

While the backlink wondered if the recent low might be the end of a 2nd wave, the subsequent chart has reached a slightly lower low.  However, said low began to bunch up at the lower trend line before bouncing a bit.  So there is some chance that this is the bottom of a corrective wave as shown below.  If this is the case then we should see rapid upside from here because blue 1 below would actually be 1 of 3 in this case, not just plain old 1.  Thus, blue 2 would be 2 of 3 (or 2 of C in the Prechter model).  A break above the top rail of the falling wedge would be good news, at least for the near term, for M+M longs.  Longer term, it would be much better for M+M longs if ABX would just collapse down to $8 over the next 2 months.  That would put a very strong lean toward Avi's long term bull model.