i agree with this, however, i think its a case of short-term vs longer term; on your shorter term chart the current setup in the GSR has been broken to the downside and is now looking for something resembling support - and here we move to GF's longer term cycle chart, where the GSR has clearly broken through the suggested downward trendline. Whilst it is indeed now moving to the downside, is it not reasonable to assume that the broken trendline may act as a support and present and 'bouncing' point for the GSR to move up again. Of course, it could be that the GSR never bounces too high and just moves down 'on the outside' of the trendline bouncing all the way. However, as it has clearly broken through the trendline GF suggests, this will be most interesting aspect of where the GSR heads next (after presumably hitting the support)