GKP

A few mentions of the gap at 54-58p.

How much importance would you guys place on a gap? And in particular a gap that occurred some time ago.

I think it be more prudent to watch the monthly candle for october....





dl.dropboxusercontent.com/u/40497882/Gul...28DFB%29_monthly.png

61, 54 << 73 >> 98x2

rgds WS

Hi WS,

that divergence has been there for some time on the longer time frames.

Pity about that RNS the other day. We would have hit the bottom of gap today otherwise. Never mind, I still think we will get there but we might need to hurry. This general turmoil won't last much longer.

Hope no one got too burnt in the general price action today. Markets are just giving some room before earnings season and the run in to Xmas IMO. I can see the S&P500 at 2100 this year.

GL
F4T

This a weekly, the rsi looks to have broken support, and the price action should follow imho.
In any case, im sick and tired of this share, wish it would just get on with it!
uk.advfn.com/p.php?pid=chartscreenshotsh...8IDg=&symbol=L%5EGKP

Regards,
Trendfriend

Any views on today's action and recent multiple tests of 61? Presumably not enough volume to call a double bottom yet?

WS - am a novice here. Do you mean by those numbers your projected next moves after the 5th wave of C completes? Once C does complete, could we see a push towards a potential inverse Head and Shoulders?

Thanks in advance, still much to learn!

BJT

dl.dropboxusercontent.com/u/7238706/GKPhourly.png

A look at the hourly chart would appear to indicate increasing momentum of the lows since August 8th last. The Fibonacci movement is also showing an equal leg movement from the top at 89.75 since Aug 22nd.

Obviously there are no guarantees, especially in Iraq, but, at the least, it is encouraging.