GKP - Research

CT79 wrote: Hi Remo/Jackozy

After yesterdays close at 189.75 and now then the DOW finishing like it did, do you see the 187 (61.8%) area having much chance of holding or is the likelihood a visit back to 172 level now looking inevitable?

Thanks
CT79

Seems to be holding up so far CT79

Not a perfect hammer at support on the hourly but not bad. Wait to see where it closes. That's the important factor for today. Needs to close above 187p initially and then a close above 199p should confirm it IMHO.

Another engulfing candlestick and ice broken beyond repair. I don't give 187 much chance here, if any.

Some interestimg days ahead.

F4T

Hi Remo/Jackozy

After yesterdays close at 189.75 and now then the DOW finishing like it did, do you see the 187 (61.8%) area having much chance of holding or is the likelihood a visit back to 172 level now looking inevitable?

Thanks
CT79

Some bullish divergences in RSI, MACD and OBV occuring on the hourly chart now:



dl.dropbox.com/u/20815047/GKPhourly21_02_13.gif

Gulp!

You are on. Should be interesting given price action so far today