[Update 5:20PM: Gold sentiment is quite bullish http://www.marketwatch.com/story/gold-timers-showing-a-lot-of-excitement-2010-09-07?dist=afterbell
Minute [iii] of Minor 3 need not start with a bang. It could just dribble slowly at first only picking up steam when key support layers need breaking. Today was one such day perhaps.
VIX weekly is still in a bullish configuration technically. And dare I suggest its a cup and handle pattern with the handle now fully formed?
We'll see. Maybe it'll end truncated.