GKP

Hi Guys,

That spike down is also on updata:



dl.dropbox.com/u/20815047/GKPdaily04_12_12.gif

It did occur as the day's low trade but way outside the spread, just like those few days where there were "rogue" trades at around the 217p mark a few weeks ago. This has been happening a lot recently. Personally, I don't yet see any further buy signals as it's been struggling for days to get through the main downtrend resistance and has so far failed (as has the main RSI downtrend resistance). A key test (IMHO) will be 182p now as that's the 61% Fib of the move up from 170p.

hi remo , re your 123low is your 1&2 arse about face as your looking for 203 then 1 needs to be the
blue hammer - 2 where your 1 is and 3 the red hammer .

pj

I must admit, I got confused by your chart REMO and wondered about what Pj has so eloquently stated...bum about face? .

Chart from a far - human investor psychology perspective....

a lesson in there to take away.....

dl.dropbox.com/u/40497882/GKP_Physcology_Daily.JPG

186/187 was a number that used to crop up on gkp and for now looks like a trading area e.g recent fib 50

Tradesmarter, thanks for the chart could you confirm the target area please should the flag break to the upside. The pole is approx 30 points so is the target 30 plus breakpoint or 30 plus 203 top of pole.

Many thanks