GKP

GKP continues to run exactly as predicted. Those that bought above 200 just have to be a little patient and all will be well. They are paying the price, for buying at the wrong price - expending nervous energy and biting their nails Keep the faith folks!

I'll give you fibs which rarely lie but as you alude, Elliot waves are only correct once the user has changed his count and his mind several times each a week as things develop. By the time the end game is reached all wave theorists claim success even though they were all at odds with one another throughout the process

What you can say about most TA is that it is correct and helpful a lot of the time, which is enough. It takes emotion out and puts planning in its place and gives an edge.

I am still content with GKP, even though it is misbehaving. It is those that bought above 200 that might be a little concerned.

Remo said the other week on this thread that he has seen many good companies turn bad. Most of the time those good ones were only good on the surface. IMO GKP is a long long way from being a good company, it just happens to have one good asset. So long as we understand that, we should be ok.

F4T

I know exactly what you mean....... but Elliott's and fibs just keep marching on regardless: they can never be wrong, it's just the interpretation that gets darn confusing at times

uk.advfn.com/p.php?pid=chartscreenshotsh...zU4H7&symbol=L%5EGKP

Well, GKP is not looking great right now. We had a two day break in support, a good rise which broke both downward trendlines and settled on the one from 450 before another break of long term support driven by broad markets.


The second break of support has severely weakened this level. If it doesn't repair pretty quick then longs will be hoping that 161 and 150 hold.

MA20 is at 177.50 but sp need to beat and hold 187 for the bulls to regain some control. A close below 171 will see lots of holders run for the toilet IMO

Well, its the first time I've been wrong on this one for quite a while. Just goes to show that TA doesn't always work.

Might see a bounce today but the pressure is downward.

F4T

Lol

Keep going baby;) As soon as this drops below 170 the 161 should be a given....