GKP

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?

lets get abv 166 and then 172 on bigger time frames 1st, for further confirmation...what we do know is gkp must not close below the recent lows.

if i'm right abt my count then the all times high should be seen at a minimum and perhaps more.

let's stick a fork in that weekly chart and let's use log scale - to see what it comes up with...lets use some fibs too...

maybe we go something like this...no point looking at blue sky until lower numbers are taken out, perhaps when approx 400/450p does come most may just cash in but the question then remains....will it be too early




dl.dropboxusercontent.com/u/40497882/GKP...othe_future_PIII.JPG

not a recommendation to buy of course & not intended to get everone excited... but i must look at the options based on a chart, just as we looked at downside targets previously....dyor.