GKP

Either of you guys (or anyone else) seeing this as a wave 4 of C?

no change in view J.

Price 1st. initial support 126-131 is holding and setup nice candle sticks.. so for me it's a scalp play for now....

watching volume & watching ~145> 155> 161/172**

also note the change from condemnation, fear and panic to optimism... in the last few days on forums...

rgds WS

Don't forget the stops has to be below 2 point Hense why the risk reward is good .

Agreed WS. 161p still the key number IMHO.

Very similar pattern to the bounce off 161p and 172p in late Dec/early Jan. Volume better at this low though which is a good sign.

In auction now but has a daily high trade exactly at the old channel support (so far):



dl.dropboxusercontent.com/u/20815047/GKPdaily15_05_13.gif

i love candlesticks esp one's with flat bottoms....lets see if it can be maintained through to close...

at a key level 145


dl.dropboxusercontent.com/u/40497882/GKP...ly%2015thMay13v1.JPG

I'd like to see the RSI break 75 and the SP to exceed 161 to invalidate the downturn and confirm the move up.
145.98 is a 161.80% expansion of the swing from 126.50 to 137.50....