The chart of GLD has an alt bearish count . The chart labeled shows a 5 wave wave [A] up and at todays high it is a perfect [A] x 1.272 to = [C] at 259.7 I have now moved to a 100 % long in the money PUTS> if how ever we close above 261.8 I would then look for the Original target of 265 plus I will Hold in the money puts best of trades WAVETIMER