GKP - Research

Nice to see this finally breakout this morning.

A finish above the 200sma would be a touch.

Getting close to the important level...one to watch for a potential breakout...
I suspect that if 166.375 gets broken then this may explode out..It will mean a comfirmation of a new up trend.
Ive got an order to go long from 167 with a 10 point stop...Ive also have positions from lower still so this will be adding to them..



dl.dropboxusercontent.com/u/4899609/gkp11thjuly.png

This is slowly approaching the important level at 166.375...

A break above 166.375 and this should
signal a rally. This should also signal a
move back up towards 190 area and
give a higher high.


dl.dropboxusercontent.com/u/4899609/gkp9thjuly.png

edit TL bounce off 147 ... what a goon !!

uk.advfn.com/p.php?pid=chartscreenshotsh...9fn6r&symbol=L%5EGKP

trendline bounce off 157 , fails there then hello 140 again on the fibs
williams % tipping ..

lets see what the 8m decides to do

been busy so havent been around

pj

Always the uber bull, WS!

I'm still favouring the following count but some of the price targets are similar:



dl.dropboxusercontent.com/u/20815047/FTS...ojection07_07_13.gif

As you say, first we need to deal with 166p as there's still a possible symmetrical triangle wave 4 of C in play (not my preferred option).

It could be quite a long time until we establish which of these long term counts are correct (if any) since your wave 1 of P3 and my wave 3 of P3 are at similar levels. Should be fun though!

BTFD, eh?