The Brains Trust, page-6851

Apologies if this is the wrong forum for this but is anyone else looking at property groups? With all the talk of collapsing apartment prices and the housing bubble top was thinking they looked ripe for a fall. Would be keen for some feedback.

Below is Dexus -- formed a broadening top from April to July with breakdown and then throw back to the line. I actually think that it looks to be within a bigger Head and Shoulders top though maybe I am forcing that one. The shoulders bounce right off the bottom of the broadening top. By the way -- not sure why my longer term data isn't showing up for volume but it does appear to conform (been having trouble with prorealtime).  I would get the initial measurement to $8 support.
Not posted is ABP - Abacus Property which I think is forming a rising wedge and currently has a bearish divergent RSI with increasing volume on the down moves.

Cheers,

Jezza