Multitouch.inputMode = MultitouchInputMode.GESTURE;

var mySprite = new Sprite();
mySprite.addEventListener(TransformGestureEvent.GESTURE_ROTATE , onRotate );
mySprite.graphics.beginFill(0x336699);
mySprite.graphics.drawRect(0, 0, 100, 80);
var myTextField = new TextField();
myTextField.y = 200;
addChild(mySprite);
addChild(myTextField);

function onRotate(evt:TransformGestureEvent):void {

    evt.target.rotation -= 45;

    if (evt.phase==GesturePhase.BEGIN) {
        myTextField.text = "Begin";
    }
    if (evt.phase==GesturePhase.UPDATE) {
        myTextField.text = "Update";
    }
    if (evt.phase==GesturePhase.END) {
        myTextField.text = "End";
    }
}