GKP

hi remo , re your 123low is your 1&2 arse about face as your looking for 203 then 1 needs to be the
blue hammer - 2 where your 1 is and 3 the red hammer .

pj

Hi Guys,

That spike down is also on updata:



dl.dropbox.com/u/20815047/GKPdaily04_12_12.gif

It did occur as the day's low trade but way outside the spread, just like those few days where there were "rogue" trades at around the 217p mark a few weeks ago. This has been happening a lot recently. Personally, I don't yet see any further buy signals as it's been struggling for days to get through the main downtrend resistance and has so far failed (as has the main RSI downtrend resistance). A key test (IMHO) will be 182p now as that's the 61% Fib of the move up from 170p.

I just looked at the chart on share data ( top right menu) of gkp and it looks similar to metastock.
Obviously our share data chart are very primative .It's powered by yahoo.
Could some one with Updata please post a chart as well.
it's amazing how all these different charting providers have different charts..lol

Thanks for that redchilly
I'll have to check that.
I thought that price seemed a bit excessive .
the 123 low could still be valid but the 2point would be taken from the hammer low about 3 days latter.

Dyor

Remo the Candle on 23rd of november with a long wick the low of which you have labelled as 2 of 123 set-up is confusing me.
As per your metastock chart i think your low on that day is around 177 which is almost same as the low on 21st of november. Now i dont remember it getting that low on 23rd of nov and thats what i am seeing on ig index and pro real time charts(iknow they are free & not as good as metastock/updata).


As per Ig chart the low was 196.38 on that day.
Somethings not right there & I don't know what??

Possible 123 low forming.
The level to watch is 203.5
If this can finish above that level then that would be the first higher high since sept.




DYOR