First of all, every little jiggle in the averages you analyze is nonsense. No one can be that precise except by dumb luck.
But what we are seeing that might apply is a sharp downturn in the McClellan Oscillator for the NYSE. If the chickens have finally come home to roost with the Fed’s meddling in the markets we can all heave a sigh of relief that the monster is about to be slain.
What this will say in the PM sector is that it should take off after a short sympathetic downturn in the major averages, probably brought on by margin calls forcing those to cover with PM sector investments. People will be fleeing to the safety of an asset proven over thousands of years to be the only true store of value and it should bottom quickly, just as in 2008.
Not sure what you're using for data price points for wave A (please let me know), but sticking with my previous post's numbers from last week (Friday) or very close to them. Minimum should put us at 24.95, I think lower though.