Monday’s swan dive brought the futures down to within a hair of the 1217.50 target we’ve been using since this vehicle last traded above 1250. In lieu of bottom-fishing with a ‘camouflage’ set-up, I’ll suggest using only a ‘counterintuitive’ trigger to get long — but only if you have mastered this tactic (and understand why, for one, the point ‘C’ low does not come to exist until the trade happens). This would entail jumping on a rally like the one I’ve sketched hypothetically (see inset). Ideally, it would begin from a point ‘C’ low Wednesday in the range 1218.50 (already achieved) – 1216.80. Be sure to take a partial profit if the anticipated rally reaches p. My gut feeling is that the futures eventually will work their way down to March lows near 1200 before they can turn around._______ UPDATE (Jul 5, 11:42 a.m. EDT): Officially, the ‘counterintuitive’ (CI) entry won’t trigger even if the futures rise to x=1236.80, since Gold’s would-be point ‘C’ low fell three ticks beneath the bottom of the range I’d specified above. Even so, the lesson should not be lost concerning how well these set-ups work. Look out below if this brick cannot make it to x=1236.80 now that it has stopped out bulls beneath the important low from May 9.