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The 18 Month Chart for GPT shows that the share price is back where it was a year ago (give or take a few cents). The $3.54 support line was well and truly breached yesterday with GPT closing the day on $3.48. Interestingly the daily volumes on the sell down haven't been high suggesting that the sell down is probably related to the global hiccups brought on by the uncertainty of the US quantative easing combining with the very present political stoush in the US Congress between the Democrats and Republicans in respect of the US debt ceiling. It is likely that when this is resolved some confidence will return to the markets (hopefully including GPT).

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The folowing chart is the Multiple Moving Averages as at yesterdays close (the one I didn't post on the weekend for fear of scaring children etc). The finger spread across all averages suggests that GPT has not yet reached it's turning point and may have further to go. Yesterdays outcome could have been a Capitulation point where the smart money came in and started to buy. However the volumes don't make this look likely. As allways do your own reasearch and good luck.

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<blockquote data-quote="nulla nulla" data-source="post: 796511" data-attributes="member: 20948">The 18 Month Chart for GPT shows that the share price is back where it was a year ago (give or take a few cents). The $3.54 support line was well and truly breached yesterday with GPT closing the day on $3.48. Interestingly the daily volumes on the sell down haven&#039;t been high suggesting that the sell down is probably related to the global hiccups brought on by the uncertainty of the US quantative easing combining with the very present political stoush in the US Congress between the Democrats and Republicans in respect of the US debt ceiling. It is likely that when this is resolved some confidence will return to the markets (hopefully including GPT).[ATTACH]54639[/ATTACH]The folowing chart is the Multiple Moving Averages as at yesterdays close (the one I didn&#039;t post on the weekend for fear of scaring children etc). The finger spread across all averages suggests that GPT has not yet reached it&#039;s turning point and may have further to go. Yesterdays outcome could have been a Capitulation point where the smart money came in and started to buy. However the volumes don&#039;t make this look likely. As allways do your own reasearch and good luck. <img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite1" alt=":)" title="Smile&nbsp; &nbsp; :)" loading="lazy" data-shortname=":)" />[ATTACH]54642[/ATTACH]</blockquote>

[QUOTE="nulla nulla, post: 796511, member: 20948"] The 18 Month Chart for GPT shows that the share price is back where it was a year ago (give or take a few cents). The $3.54 support line was well and truly breached yesterday with GPT closing the day on $3.48. Interestingly the daily volumes on the sell down haven't been high suggesting that the sell down is probably related to the global hiccups brought on by the uncertainty of the US quantative easing combining with the very present political stoush in the US Congress between the Democrats and Republicans in respect of the US debt ceiling. It is likely that when this is resolved some confidence will return to the markets (hopefully including GPT). [ATTACH]54639.vB[/ATTACH] The folowing chart is the Multiple Moving Averages as at yesterdays close (the one I didn't post on the weekend for fear of scaring children etc). The finger spread across all averages suggests that GPT has not yet reached it's turning point and may have further to go. Yesterdays outcome could have been a Capitulation point where the smart money came in and started to buy. However the volumes don't make this look likely. As allways do your own reasearch and good luck. :) [ATTACH]54642.vB[/ATTACH] [/QUOTE]

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