GKP

Hi WS,

can I ask you how you create your extrapolated lines, both the trendlines and projected line within.

Ta
F4T

lower targets remain in tact - which are 60/63p, 54/57p & 44/46p area. must break 73p 1st tho

psyurmh wrote: Hi WS

Does this mean that we should be targeting the 55p area rather than the 61p previously mentioned by various people?

Thanks

Hi WS

Does this mean that we should be targeting the 55p area rather than the 61p previously mentioned by various people?

Thanks

dl.dropboxusercontent.com/u/40497882/Gul...%29_daily_04sept.png

Hi TF,

yes, I would say that for all intent and purpose the gap is closed. Didn't quite happen, but nearly is sometimes enough to satisfy the market.

Following chart is from a few days ago, after the close attempt, and shows the rise tagging my trendline. It also shows the neckline on a possible inv H&S, which I am not convinced about due to the probability of completion and the actual form which is irregular (discussed in earlier post).

uk.advfn.com/p.php?pid=chartscreenshotsh...sL+B2bdGbVumvQyuD/g=

My bet is still on a test of 61 but there is now a trendline in the way, so we will see. I also don't see the indices holding their current highs for long. This is more to do with over extended runs and dizzy heights than anything else.

Volume has been tailing off in recent days to pitiful amounts (during this apparent consolidation) so I don't put much weight on the lack of price action anyway. I think it is a lull before the sp gets moving again.

That's all.
F4T

This looks like it's going to close the gap.
If it can back above the 50 day, at around 84p, might to time to look at some short term upside options.
As it could go on a bit of run possibly.

The 50 day is the key for the upside imho.

uk.advfn.com/p.php?pid=chartscreenshotsh...AfaM=&symbol=L%5EGKP
It could most likely be a gap close and back down.
Regards,
Trendfriend.