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TOPIC: GKP

GKP 11 Apr 2013 15:06 #1251

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or try clearing the cache as this can cause problems also
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GKP 11 Apr 2013 15:01 #1252

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SirRichardBunson wrote:
Tejassi

I can get the chart okay by double clicking and it enlarges out but its the script I cant get as per my attachment earlier shows, thanks for the upload though.

SRB

Hi sirrichard
what browser are you using????
try changing the browser and see if you get the same problem????
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GKP 11 Apr 2013 14:58 #1253

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Tejassi,

Its was a great help to have the full script to go with the chart, many thanks but I cant understand why I dont get the full picture , must be the gremlins

Thanks again

SRB
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GKP 11 Apr 2013 14:52 #1254

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See my second post for the script - you will find what --> Remo Wrote <-- Sorry if that's not what you wanted - just trying to help
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GKP 11 Apr 2013 14:44 #1255

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Tejassi

I can get the chart okay by double clicking and it enlarges out but its the script I cant get as per my attachment earlier shows, thanks for the upload though.

SRB
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GKP 11 Apr 2013 14:07 #1256

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Gotta agree with all that general stuff Remo, especially emotion. Emotion has been the death of many a trader. A lot of people have made a fortune on GKP, but no need to stop doing it.

I have the sp sitting on top of the down trendline from 450 but within the channel. the test will come when the broad markets dip again but TA still looks promising to me. RSI backtest may be necessary.

uk.advfn.com/p.php?pid=chartscreenshotsh...W9sCAJ+RsUoRxfWiPpVs

F4T
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GKP 11 Apr 2013 13:49 #1257

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Sorry posted twice in error :woohoo:
I can see it prefectly

SirRichardBunson

Hope you can see Remo's chart better now

Plus what Remo Wrote

Well ,this is still in the range(22points range) and now the set up for the 123 low is here but you cant second guess them as thats considered gambling. For the bulls to be in control it has to finish above 190 .If this goes above 190 then this should move fast above and that will also create the first higher high which is needed to be bullish.This should then head towards 212.(depending on where it breaks out of the range from)
You can see from the chart that its still creating lower highs so the bulls are not in charge just yet.

Ive seen so many great shares with great potential get wiped out. Hense why technicals give you the edge as it leaves the emotions out of the game. Dont get emotionally attached to any share and have a trade plan.If you want to succeed in the markets then you need to have a diversified portfolio. NOT ONE OR TWO SHARES.
I do understand the emotions with GKP ;) Been there myself but now i just go with the flow. The reason i got emotionally attached to this share is due to my initial entry from 12p days. Once a share 10 bags and above its hard to let the emotions go
I know a lot of you are also in the 10 bag and above club.(due to the days from the private bb chat) GKP will always be my favorite share due to this funding my deposit for my house
anyway im diverging as usual.
Last Edit: 11 Apr 2013 14:02 by Tejassi.
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GKP 11 Apr 2013 13:49 #1258

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gkp11thapril.png
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GKP 11 Apr 2013 13:20 #1259

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Hi Remo,

Im seem to be getting only part of the script from any message listed when a chart is loaded as well. Is there a simple solution and is anybody else experiencing this, sample attached.

www.screencast.com/t/J2ZLzY8i
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GKP 11 Apr 2013 12:20 #1260

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Well ,this is still in the range(22points range) and now the set up for the 123 low is here but you cant second guess them as thats considered gambling. For the bulls to be in control it has to finish above 190 .If this goes above 190 then this should move fast above and that will also create the first higher high which is needed to be bullish.This should then head towards 212.(depending on where it breaks out of the range from)
You can see from the chart that its still creating lower highs so the bulls are not in charge just yet.

Ive seen so many great shares with great potential get wiped out. Hense why technicals give you the edge as it leaves the emotions out of the game. Dont get emotionally attached to any share and have a trade plan.If you want to succeed in the markets then you need to have a diversified portfolio. NOT ONE OR TWO SHARES.
I do understand the emotions with GKP ;) Been there myself but now i just go with the flow. The reason i got emotionally attached to this share is due to my initial entry from 12p days. Once a share 10 bags and above its hard to let the emotions go ;) ;)
I know a lot of you are also in the 10 bag and above club.(due to the days from the private bb chat) GKP will always be my favorite share due to this funding my deposit for my house ;) ;)
anyway im diverging as usual.

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Last Edit: 11 Apr 2013 12:24 by remo.
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GKP 09 Apr 2013 19:08 #1261

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It seems that the views on GKP are as polarised as those regarding Mrs Thatcher.

It certainly makes the discussion boards more enjoyable. I can't accept any more beers though.

F4T :)
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GKP 09 Apr 2013 17:10 #1262

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Well it hit the mark between the 50 & 61.8% fib very nicely however, as it did so in one hit, I wouldn't be at all surprised if this retraced slightly then had another go north before recommencing the journey down to 161. It has followed the pattern beautifully so far......
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GKP 09 Apr 2013 08:18 #1263

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Cheers Tejassi, just a bit of fun with Jackozy. I have a lot of respect for him as a technician.

uk.advfn.com/p.php?pid=chartscreenshotsh...SWPLc&symbol=A%5EAPT

Well, surprise surprise, as soon as the broad markets stop bleeding we get the bounce from long term support that I have expected. Volume was good but not great, but above average so IMO this validates yesterdays move. We busted through the MA20, 23.6% Fib and also both the trend channel (blue) and the downtrend line from 450 (red). We also finished on the days high, which is also positive.

187/8 provided support on the way down so no surprise that we stopped there, though the prospects of breaking this are moderate first time round. We might back test our blue trendline in the coming days but all looks good.

Much like what I said at 162, I do not expect to see 173/4 again as the support line rises. I am sorry to say that those waiting for 161 or 150 have IMO missed the boat.

It is nice when the TA works and it usually does with GKP. Sometimes you need a little faith and patience. Well done to those of you that bought at the support.

I expect the sp to make its way to the 200 area before stagnating a little as traders await the CC result. I have some thoughts on the fundamentals but will post in the relevant section if anyone is interested.

Cheers B)
F4T
Last Edit: 09 Apr 2013 08:20 by Food4Thought.
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GKP 08 Apr 2013 21:51 #1264

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Look where this finished.
right on the sweet spot.
Ideal scenario would be for a small retrace then a 123 low breakout B) B) .
you need a retrace to get the 123 low.

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GKP 08 Apr 2013 16:46 #1265

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Jackozy, you owe a beer to F4T
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GKP 05 Apr 2013 13:23 #1266

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Yep, it is certainly weakening but the way it is holding is testament to it being the last bastion of long term support. Yesterday was the first close below.

Nevertheless, no stock can withstand persistent and strong weakness in the main indices, no matter what the technicals say.

I still think it has a strong chance of holding, but the indices need to relieve some pressure after a much needed retrace.

F4T
PS: Jackozy, you still owe me a beer B)
Last Edit: 05 Apr 2013 13:23 by Food4Thought.
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GKP 04 Apr 2013 09:46 #1267

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Trend line looks like its getting weak. Its been hovering around this for a few days now so strength is going. I suspect that its gonna go to the lower channel at 166 and then the 161 area which should give this a bounce for a first attempt basis trade. Once that goes the all important trend line at 150 B)
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GKP 30 Mar 2013 00:10 #1268

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I see little cause for alarm just yet. The 172 bounce hit the 138.2 fib extension almost spot-on. I would now expect a slight retrace before resuming the downtrend toward 161, which my chart shows as the support trend line from 10.25 thru 87.00. This mark should be reached around the beginning of June. I'm not up to date with the court hearing but, I would have thought that might give enough time for the judiciary to announce their decision. If the decision is in favour, and shipments via Turkey look like becoming a reality this must bounce north.

If the decision goes against GKP there is a lower trend line indicating a possible drop to approx 80p. If this happens I'm gonna cry :( And I suspect I will not be alone:(
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GKP 29 Mar 2013 17:38 #1269

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I know this going to be contentious so I will ask this quietly but is anyone bearish on GKP in the long term?

The reason I ask is that to me on a weekly basis what is forming is a continuation or symmetrical triangle!?



stockcharts.com/school/doku.php?id=chart...symmetrical_triangle

I know it has got a bit of work to do yet but it is making me very very uneasy. Especially because the weekly P&F has targets down to 56p (which are active) in line with the candle chart if it was to break out to the downside in a couple of months.



Is there a wave count or anything any one can suggest that blows the bear scenario out of the water?!! Please!! :S

Best wishes
ft
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GKP 29 Mar 2013 13:12 #1270

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uk.advfn.com/p.php?pid=chartscreenshotsh...hhnY/&symbol=A%5EAPT

Looks almost perfect from a trendline perspective doesn't it? SP downtrend halted by the convergence of the long term rising support line from 2009 (red) and the short term falling channel support (blue).

Add that to the positive divergence on both MACD and Moneyflow and things look rosy, yes?

I am not convinced as there are plenty of negative factors on this chart:

1. Death cross of MA50 below MA200 at a resistance level
2. Engulfing candlestick pattern completed on Thursday
3. And the biggest killer - very poor volume on the turn.

I can't highlight the poor volume over the past few days enough, especially yesterday. Was this distorted by Q1 end portfolio tidying, or lack of it? We should have had the same reaction as we did at 161/162 in late December, a large bounce on good volume from 173/174.

This is the last line of defence because if the SP breaks the red long term support line then it is in no mans land. A break below this mark will leave endless downside possibility.

This needs a volume rise next week or all bets are off. :unsure:

F4T
Last Edit: 29 Mar 2013 13:14 by Food4Thought.
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GKP 26 Mar 2013 10:25 #1271

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This bounced of that trend line beautifully this morning. ( i know only 4 points) but thats what day traders like ;) ;)
If this finishes below 173 then look for a full retrace back down to 160ish or lower :ohmy: :ohmy: as that was an important level for the short term(173).
The main trend line is currently at 149.
If this breaks below the channel(170) then the target also just so happens to be 150ish where that trend line comes into play.
So bottom line is to be patient with this and aim to buy at the 150 level with tight stops .
I personally dont have any shares of GKP. I used to be attached to this baby but decided to throw away the emotions on this. ;) ;)
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GKP 19 Mar 2013 21:21 #1272

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lol.. :blush:

no worries mate, I'm glad it worked!

I expect beautiful expanding charts from now on ;)
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GKP 19 Mar 2013 19:13 #1273

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Ronnie ya a beauty!!!

Mmmmwah!
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GKP 19 Mar 2013 19:12 #1274

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screencast.com/t/gqSRt2THbaEb



Hi Ronnie,

Getting the url to expand in screencast is a bit messy but, if the link above works, then it's big thank you time ;)

To hell with it ...... it's a big thanks you anyway :)
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GKP 19 Mar 2013 15:41 #1275

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Hi Diver,

Remo uses the image link button at the top next to the quote button.

just paste the link into URL box and press insert. I've tested out your link and to get it to work you need the full URL, which you get once you click on to the chart to make it bigger in screencast:
content.screencast.com/users/diver993/fo.../2013-03-19_0656.png

I clicked on image link button, pasted in the URL above and pressed insert like so:



Hope this makes sense!
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GKP 19 Mar 2013 15:24 #1276

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Remo how do you manage to post a chart and get it to expand so beautifully? My attempts are always miserable failures:(
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GKP 19 Mar 2013 11:19 #1277

I'm very brave,foolish or stupid.....but today I'm all 3!

dl.dropbox.com/u/31800760/gkp1.pdf
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GKP 19 Mar 2013 06:59 #1278

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screencast.com/t/ObS6UjxS

This is getting very close to target a short-term long -if you'll excuse the contradiction in terms :lol:
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GKP 18 Mar 2013 23:28 #1279

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Hi on greenhill
I thought id do the supports as they change daily depending on trend lines .
here you go. ;) ;)

resistance: 195(top of channel),,203
Support: 173(trend line and bottom of channel and horizontal support (strong),,161(important),,148(main trend line),,139

The fact that 61.8 fib has broken opens up a full retrace back down to 161.
This should bounce on first attempt at 173 as there are 3 levels of supports very close together .This would be for a very short term trade.

I used to love this share,still do but i dont have any positions on this any more :sick: :sick:
Im waiting for a clear signal to enter . ;) ;)

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Last Edit: 19 Mar 2013 06:39 by remo.
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GKP 18 Mar 2013 21:42 #1280

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OK remo,

I found your previous GKP support figures now. So ignore my 21:25 post.
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GKP 18 Mar 2013 21:25 #1281

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Hi remo,

May I ask you a favour if you have a minute. What is your view of the major support of GKP? I have some CFD GKP, I have to prepare the survive of these GKP.

Many thanks in advance for your help.

OG
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GKP 17 Mar 2013 11:57 #1282

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Jackozy wrote:
Just wrote a whole piece about this but when I clicked "submit" I got logged out and lost it.

Suffice to say my "surf's up" analysis suppports your view F4T.

:-)

Hi jackozy
That may have been my fault as i was doing a backup of the site :oops: :oops: .Normally i do this in the middle of the night as no ones around but needed to do it now as doing some modification and testing on my test site so needed the latest site version.
Sorry. :sick: :sick: :sick:
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GKP 17 Mar 2013 11:15 #1283

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Just wrote a whole piece about this but when I clicked "submit" I got logged out and lost it.

Suffice to say my "surf's up" analysis suppports your view F4T.

:-)
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GKP 17 Mar 2013 08:43 #1284

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Well, nice breakdown last week as expected.

On the hourly we had a pop Friday afternoon due to traders buying into the positive divergence built on by the usual weekend no hopers, but volume bled out before close. Nice downward channel still intact. I expect weakness to continue.

uk.advfn.com/p.php?pid=chartscreenshotsh...RjuiO&symbol=A%5EAPT

On the daily we are also still very nicely in an exquisite downward channel. Last week's breakdown clearly shown. I'm not particularly excited about the hammer type candle on Friday. You might see a monday morning rise to 190 but I expect the retrace to continue particularly since broad markets look very weak going into the next week.

Rising long term support is now ~174.50 which is now a certainty in my mind with some stubborn support in the 182/3 area on the way down. A break above 194.50 is needed for the bulls to get a hold.

uk.advfn.com/p.php?pid=chartscreenshotsh...r7H+l&symbol=A%5EAPT

F4T
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GKP 13 Mar 2013 08:11 #1285

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A view of the hourly;
uk.advfn.com/p.php?pid=chartscreenshotsh...QGikUf+9gh7gwMMcV4qk

A smaller symetrical triangle (red) had resistance at yesterdays close of 194.50 and support at 190.5, so those are the key marks today.

Note negative MACD divergence on move from 182 which hasn't played out yet (and may not ;) )

F4T
Last Edit: 13 Mar 2013 08:38 by Food4Thought.
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GKP 12 Mar 2013 14:01 #1286

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sorry mate, the cool dude with the specs should be the B wave :)
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GKP 12 Mar 2013 14:00 #1287

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:) Jackozy, you make me smile. The one thing I've learnt about EWT is that we all try and see waves in too small a detail. In the majority of instances there is no such thing. Look back over the big picture where possible. I say where possible because in many cases this is extremely difficult due to a lack of data: many providers only starting at the year 2000 for example. Check out any chart and I would suggest you will see many more corrective moves than impulsive ones: it's just the nature of the beast.

In the case of GKP I'm seeing an ABC move since inception and I trust this view will prove self-explanatory.

screencast.com/t/9N6pA48qzc

Sadly I cannot fit everything onto one page. The fib extension is showing a target for wave (C) of 620.00 to 730.00, being 100 to 123.6%. If the extension gets to 1.618 of A, and there is divergence at the top of (C), then the whole thing is impulsive and for (C) read 3; for (B) read 2; and for (A) read 1. There really is no way of knowing in advance, we just have to let the chart evolve and tell it's own story.

Hope this helps.
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GKP 12 Mar 2013 08:17 #1288

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Hi Diver,

I'mm having a real hard time following those waves of yours - everything is corrective with not a single impulsive wave in sight. Even corrective sequences contain impulsive moves.

Your projection ends with a wave (b) but there isn't an (a) and where would the (c) be? Having a wave (b) there would suggest to me that you're expecting a (c) up before another, much larger move down to well below 141p if I read that correctly.

Can you please try and explain your count, or possibly simplify it so I can understand where you're coming from?

Thanks.
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GKP 12 Mar 2013 08:02 #1289

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Agree 200% with building the position:)
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GKP 12 Mar 2013 07:51 #1290

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Cheers guys, always good to get different views.

SP looks weaker after yesterdays price action but lows are being bought as before.
I intend to buy in tranches below 187 and hopefully build a credible position.

Let's see what today brings.
F4T
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GKP 12 Mar 2013 06:36 #1291

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screencast.com/t/kKF2I0Xk

Well I sincerely hope you guys are correct but I'm finding it difficult to be positive just yet, other than for the short term. Longer term I'm looking at revisiting the trend line down at 160ish. This should coincide with the end of the court case in terms of time and then, hopefully provide the platform for dramatic recovery of the SP.

It would be wonderful to be totally wrong and the SP to go stellar right now, but my chart does not speak this language.

Be lucky peoples ;)
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GKP 11 Mar 2013 19:28 #1292

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Hi F4T,

As usual I completely agree with your assessment: it needs a close above 201/2p to confirm a breakout. Today it's tested a key area for me, that of the 61.8% Fib of the rise from 182p to 203p though it has to be said that it wasn't convincing by any means.

My primary concern currently is the form of the 182p to 203p rise. I'm finding it very hard to see it as impulsive as it looks to be a clear 3 wave move which should be corrective and point towards further downside. That said, the hourly chart did have bullish divergences at 182p and the SP did close above that crucial 61.8% Fib.

GKPhourly11_03_13.gif


dl.dropbox.com/u/20815047/GKPhourly11_03_13.gif
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GKP 09 Mar 2013 10:14 #1293

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Well, it has been more than a week since my last analysis and I am pleased that my call to buy at 189 was validated by this weeks rise. I sold this position at 200 because of weak volume.

61.8% fib was pierced but held giving a bounce with added momentum as traders bought into the golden cross(would have been stroonger had the MA200 not been falling). Rise also produced a breakout from the falling wedge and MACD turned positive.

SP now needs to close above 202 to move higher IMO.

On the negative side volume did not confirm the move, the longer term MA's are acting as resistance and Friday's candle looks bearish (note that there is an error in ADVFN's charting - Thursdays candle closed at ~198, not 202). I also note the yellow shadow line on the wicks.

The chart is more bullish than bearish but I am back on the fence. It is the lack of volume more than anything that concerns me.

A retest of the upper blue trendline to the low 190's (possibly to the new red trendline)would give me confidence before a move higher but volume is key in any move. We are still stuck within the main MA's and this still suggests a big move is likely.

A further threat to 182 looks unlikely in the short term but I live in hope :) I would also be interested to hear Jackozy's wave therapy on this.

uk.advfn.com/p.php?pid=chartscreenshotsh...dR8Dh&symbol=A%5EAPT

F4T
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GKP/jackozy 08 Mar 2013 23:44 #1294

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Trying to hide from me over here eh?
Would you be so kind as to cast your eye over my feeble attempts, learning slowly but having problems at end of last correction.
Thoughts on start of new wave 3? also.
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GKP 07 Mar 2013 11:00 #1295

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GKP is in a clear channel. If this breaks out of the channel then you could expect a 22 point move in which ever direction this breaks out in. Im favoring a move up due to the 61.8 fib level holding nicely.
So the level to watch for today is 202 . This needs to finish above that level to start the next leg up.
For down side for today the price has to finish below 180.
This is moving nicely recently. ;)


dl.dropbox.com/u/4899609/gkp7thmarch.png
Information Purposes Only, Do Your Own Research
remo
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GKP 06 Mar 2013 09:32 #1296

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Long @ 196 with a SL below 182
Sorry no chart as at work
dyor
redchilly
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GKP 04 Mar 2013 10:48 #1297

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The gap at the start of January looks tasty on that 2hr chart!
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GKP 03 Mar 2013 22:52 #1298

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still think 187 will go after hammer on fri?
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GKP 01 Mar 2013 17:01 #1299

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remember this back in Dec.... to now this...

a very good bounce today...lets hope it maintains......nice hammer on daily.

weekly - dl.dropbox.com/u/40497882/gkp1march1.JPG

2 hour - dl.dropbox.com/u/40497882/GKP1%20March_2hr.JPG
Last Edit: 01 Mar 2013 17:02 by WaveSurfer.
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GKP 28 Feb 2013 21:51 #1300

Been Busy so no doubt many charts posted..but was asked for my view earlier tonight and this is un-baised as I ain't see the others....but fib 61.8%? (fib areas below next supports also...it did first touch at 50% so not so "cocksure" but seems a decent area to me)


gkp_2013-02-28.gif
Last Edit: 28 Feb 2013 21:53 by Tradesmarter. Reason: tweeked
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