You posted:

“Well, just like all good tops, not many get out at the very top because things are so darn perfect that the mindset is, the market can’t go down. The very next day when we should have blasted through the top of that rising wedge we did just the opposite of what

    everyone was thinking

me included.”

Perhaps not everyone was thinking higher - I considered it a wave 5 ending diagonal and so going lower. See my post of 8:32 am on March 16, 2008 selling GLD. This is where I entered the trade: 14:11 pm on December 13, 2007.

I do appreciate your charts, as others have also posted, and particularly the detail you put into the charts.

Best wishes.

aurum (GLD)

Ment - you are correct in that it will only be a good move if I get back in lower than I sold (which is not a given as I don’t plan on buying on this bottom) and do not worry the trade is in my Roth so no taxes due on capital gain.