WPP

Hi Diver,

Ridethewave2 posted about this the other day on III's CV. Here's my reply:

dl.dropbox.com/u/20815047/WPPdaily28_10_12.gif

817.3p the mark today, rising daily. There's also the gap resistance close by at 808p so maybe short there with stop outside 817 or take two tranches both with stop above 817?

screencast.com/t/39kZe6NLcb
Anybody watching this? Been in a range for most of the year. Current SP is 788. Gap going back to last June at 752.50. Strong support 733-740 being bottom of this years range. Looks like the current move is an ABC of some kind. RSI says over-sold at 28.664. Volume has been selling off quite hard.