GKP

What worries me here at the moment is that the bottom of the gap wasn't reached on a dramatic spike down and rapid bounce back accompanied by a sharp spike in volume. The SP has instead just kinda drifted down to 54.75 as I type (albeit decent volume overall today at 7m).

Is the dramatic rapid spike down still to come and to what? 48/49?

I too have dipped a cautious toe in at 55 but only 2K shares so far…..

I'm with you EG. Gap not closed but volume ok. It will close first thing tomorrow IMO maybe with a bit of relish

This bounced of the falling support, @54.25p area.
Been waiting patiently for a while for this to happen, so didnt want to miss out for a penny or so.
uk.advfn.com/p.php?pid=chartscreenshotsh...symbol=DJI%5EI%5CDJI

This could go down a bit further and make a intrday break below the support line, i may add more if this happens, i will close this trade if we have a end of day close below the support line.
uk.advfn.com/p.php?pid=chartscreenshotsh...symbol=DJI%5EI%5CDJI

Target is the resistance trendline, and 50 day @ around 75p.
Lets see how it goes from here.
Regards,
Trendfriend.

Nice bounce today TF

Its more or less filled the gap from the past...
Now if it finishes below this then look towards 37 as the next level of support.
Currently doji which is good as its indecision right at support.
Best entry from now would be to wait for a 123 low formation which is the safest way to enter..
good luck you gkp traders


dl.dropboxusercontent.com/u/4899609/gkp8thoct2014.png

Hi F4T

Do you think the bounce is sufficient (volume is very low), or do you expect the low to be retested?

Tia