GKP - Research

Trendfriend,

I'm a great fan of the RSI divergence because it indicates a new low forming. Most people think it shows that price is moving up - it does, but not instantly, first there has to be a new low - either a wave 5 or the completion of a C wave; then we get the rise. This is why so many 'gamblers' become disillusioned with the RSI: they don't understand what it is about. It's a strength index. What happens as a move completes? Less money gets involved, hence the lack of strength, hence the divergence. This game is all about patience.

It's a great tool to use in conjunction with Remo's 123 low tips on this board: if there's no divergence the chances of making a new low are great increased, so I keep my distance, but, if the divergence exists the chances of success are high!

As Remo has already said, be patient and wait for the break of 109 and you will reap the rewards.

Where's the TA Eddie...? Doesnt say anything that's not in the CPR. Debate for another board I feel.

A major piece of analysis of what the CPR indicated and its strong divergence with what GKP was saying over two years posted by Gramacho on Friday. This is fundamentals with a vengeance and is a game changer in that the wool has finally been snatched from the eyes of so many PIs. It brings into serious doubt the honesty of the BoD which few can still have much confidence in. Cant say what effect it will have on the price but its sobering and a sober price might well follow...

There's a nice RSI divergence on GKP.

I know some of you are not big fans of this indicator, it seems to work well for me.
uk.advfn.com/p.php?pid=chartscreenshotsh...9s%3D&symbol=L%5EGKP

DYOR,
Wishing everyone on Chartsview a good Easter weekend.

Regards,
Trendfriend.

Still forming the 123 low formation???
Its had some doji candles in the past few days. Thats indecision...
no buy signals yet but the 123 low formation is still a possibility.
Long above 110.....and not earlier.

dl.dropboxusercontent.com/u/4899609/gkp16thapril2014.png

Thanks Remo!