GKP

"structurally and technically remains in good shape as long 154/7/161 remains intact"

WS, could you please explain the numbers quoted above as I don't understand them? Thanks,

Diver

Sure - it can go where ever it wants intra-day but on closing basis will signal a warning esp on bigger time frames,a 1st signal that buying at significant price points no longer provides an interest and lower prices are likely. you can ref weekly chart in the below post as a guide....


WS

diver993 wrote: "structurally and technically remains in good shape as long 154/7/161 remains intact"

WS, could you please explain the numbers quoted above as I don't understand them? Thanks,

Diver

Sorry,it was specifically the '154/7/161' that I don't understand?

updated chart on the smaller inv H&S... needs to hold that neckline. and if true breakout then approx 200/05 target. 186 hurdle before that.

cheers WS

dl.dropboxusercontent.com/u/40497882/gkp_invH%26S_oct13.JPG

I don't think that qualifies as an iH&S personally. Too irregular in many places. Perhaps you are looking for something that is not there. SP certainly broke out of symetrical triangle yesterday though, on the hourly and daily on my charts.

is that a question or a statement ?

but thanks F4T for your opinion, sometimes its the irregular one that you need to pay attention to, every tom dick n harry can make out the normal ones as they are are easier to identify (if there ever is such one)... and more often than not they fail cos everybody tries to play em.

just putting out what i see, try to force something that not there on the other hand can be dangerous...learnt that lesson a longtime ago...

all imho

cheers WS !

Food4Thought wrote: I don't think that qualifies as an iH&S personally. Too irregular in many places. Perhaps you are looking for something that is not there. SP certainly broke out of symetrical triangle yesterday though, on the hourly and daily on my charts.