GKP - Research

Hi WS,

that divergence has been there for some time on the longer time frames.

Pity about that RNS the other day. We would have hit the bottom of gap today otherwise. Never mind, I still think we will get there but we might need to hurry. This general turmoil won't last much longer.

Hope no one got too burnt in the general price action today. Markets are just giving some room before earnings season and the run in to Xmas IMO. I can see the S&P500 at 2100 this year.

GL
F4T

I think it be more prudent to watch the monthly candle for october....





dl.dropboxusercontent.com/u/40497882/Gul...28DFB%29_monthly.png

61, 54 << 73 >> 98x2

rgds WS

A few mentions of the gap at 54-58p.

How much importance would you guys place on a gap? And in particular a gap that occurred some time ago.

uk.advfn.com/p.php?pid=chartscreenshotsh...f0%3D&symbol=L%5EGKP

Nice bounce taoday, but the RSI did not break out (yet anyway), so this tells us this is about as high as this will go.
The close is important, all bounces for a while have been sold into here. I expect the same today to create a bearish candle by close or tomorrow imho.

This is coming to the end of the traingle now, so it's going to decide which way it will go very soon imho.

My preference is a move down to 51/54p area, and then a bounce, which will again be a dead cat one imo, but will be a tasty 15/20% bounce, before a move back down again imo.

Lets see how this goes,
Regards,
Trendfriend.

Can we see the Technical analysis of your reasoning psyurnh, or is this just a throw away comment!

After the RNS today I think there is a good probability of around a10% drop towards the gap.