I stopped short term trading years ago. It is too much effort.
I look at the charts and the fundamentals every couple of months to make sure nothing has changed in my original analysis, when I inititated the position. Nothing has changed, those targets of 800 and 20,000 still stand, and I am prepared to wait 3-4 years or until something changes to settle the position.
For amusement, I look at the short term outlook:
3 months:
http://finance.yahoo.com/q/bc?s=GLD&...amp;q=l&c=
still in the uptrend trading range, the drop below 510 could indicated a 50% retracement of the current uptrend to 495.
1 year:
http://finance.yahoo.com/q/bc?s=GLD&...amp;q=l&c=
A drop below 475 could indicate danger of retesting support at 460. It is however still in the current uptrend.