Yes, 3/12, looked like a breakout didn't it?  But they left gaps underneath all of that pattern and filled them by smashing the fakeout, which is why I usually focus on buying gap fills... Today, looks like Fed has put a hold on action- there is nothing breaking out out and the intraday on the majors looks very mixed.  There is one more undercut and gap to fill on a lot of these stocks, but we're most of the way down on the range.  Gld has about $10 to $12 more on the downside to major support, but I would expect the miners to have bottomed before then.