GKP

dl.dropbox.com/u/24866576/November%20201...OM%20271112%204H.gif

The pink trendline is from the 450 feb high to the recent Sept high.

Bearing in mind the spread:

+203 - buy
180 Gamblers entry?
170 pile in with tight stop?

Thoughts welcome.

M.

To my mind everything now points to major support trendline (magenta)at 160 before a move north into the new year. Last weeks rise was all hot air IMO.

Chart from 26/11
uk.advfn.com/p.php?pid=chartscreenshotsh...Rv132&symbol=L%5EGKP

F4T

Possible 123 low forming.
The level to watch is 203.5
If this can finish above that level then that would be the first higher high since sept.




DYOR

Remo the Candle on 23rd of november with a long wick the low of which you have labelled as 2 of 123 set-up is confusing me.
As per your metastock chart i think your low on that day is around 177 which is almost same as the low on 21st of november. Now i dont remember it getting that low on 23rd of nov and thats what i am seeing on ig index and pro real time charts(iknow they are free & not as good as metastock/updata).


As per Ig chart the low was 196.38 on that day.
Somethings not right there & I don't know what??

Thanks for that redchilly
I'll have to check that.
I thought that price seemed a bit excessive .
the 123 low could still be valid but the 2point would be taken from the hammer low about 3 days latter.

Dyor

I just looked at the chart on share data ( top right menu) of gkp and it looks similar to metastock.
Obviously our share data chart are very primative .It's powered by yahoo.
Could some one with Updata please post a chart as well.
it's amazing how all these different charting providers have different charts..lol