"The Problem" part 1

I show the beginning sub-wave,sub-sub-wave, count for GLDX. It's very similar to GLD and Gold. One of the problems in counting the sub waves is that the ETF's can over shoot, giving a false high or low as too the actual action in Gold. Stockcharts.com does not show Intra- day data on the commodities,only the ETF's.
   It is best to follow the Futures Charts of the actual commodities when Trading or Investing in the ETF's of commodities. (my experience,opinion).

I spent hours yesterday rehashing some wave counts on the Issues I've been following and or Trading. I Knew something wasn't right by working the Fibonacci Projections and retraces.
   One of the hardest things to do and most important is to get the wave count right at the Very Beginning of the wave count. Then the analysis can start to "hit" the numbers. Being the gold sector has extended the first sub-wave count into an complex correction gives us a clue as to what we can expect in the Future.

   The Problem we have now is we actually don't "know" what the wave ii will settle on. I use the Ichimoku Cloud to give me a clue as what we may expect. The I-Cloud is excellent at marking price levels.When the Price levels also match the Fibonacci retracement levels we have a very precise Tool.