GKP

remember this back in Dec.... to now this...

a very good bounce today...lets hope it maintains......nice hammer on daily.

weekly - dl.dropbox.com/u/40497882/gkp1march1.JPG

2 hour - dl.dropbox.com/u/40497882/GKP1%20March_2hr.JPG

Been Busy so no doubt many charts posted..but was asked for my view earlier tonight and this is un-baised as I ain't see the others....but fib 61.8%? (fib areas below next supports also...it did first touch at 50% so not so "cocksure" but seems a decent area to me)

Just a matter of time IMO....going down baby:)

Strike 2 on 187. Strike 3 will break IMO.

Cheers Jackozy,

it seems that we each throw doubt upon the other

I took a partial position this morning at 189 so as to cover all possibilities. I will add lower.

F4T

Trend is UP as long as it stays above 173


EOD daily above shows swing points from the low of 161.50 on 27/12/12
Its made 2HHs and 1HL

Correction from 227.75 shows a series of LHs and LL

Zoom into hourly


Bullish signs on hourly :
1. Bounced off 61.8 fib and previous breakout point
2. Bullish divergence on RSI/MACD
3. Possible 123 low forming

A close above 193.38 today will give a 123 low breakout and it will also close above the red trendline as seen on hourly chart above
Wait for it go above 193.38 for an early entry with a SL below 1 @ 186.25

Real strength will come above 197.88 which is a previous high and 200 DMA level

A close below 173 will mean more than 100% correction + a LL and will be bearish