Hi Hellyeah et.al.Good luck to you if you can pick up BPT lower...

Hi Hellyeah et.al.

Good luck to you if you can pick up BPT lower than today's prices. IMHO I think current prices are at the j-curve (see Apprentice Chartist Forcast below). ASX had sweat on it's brough over Centro and then sensibly shrugged it off as the day unwound. Hopefully tomorrow will see a bounce in BPT.

APPRENTICE CHARTIST FORCAST

CDL - No clear diretion here. no elevators no reverse trend. Therefore CDL indicates HOLD

MACD - -0.003 only slightly bearish and getting close to the nexus of Bear and Bull. So the end of the bear cycle perhaps tomorrow or the next day. MACD indicates BUY.

BB GRAPH - High Mid Fairway indicating fair price for BPT. Trend Buyers - BUY, Contrarian Buyers - HOLD

PARABOLIC SAR - 27 Red tokens, 37 Green (Considering today's dramas on ASX this is fantastic) so Parabolic SAR suggests BUY

So there you go Beach goers. The Capt's brave forcast is to Buy/Accum BPT for Wednesday. (Remember though, the Capt is a salty washed up old surfer - a no hoper some would say - in other words... DYOR). Hopefully no 'external' suprises like Centro tomorrow. The only thing is that there are so many bargains at the moment that will tempt many a money parker. With BPT's sure footing today we may be OK.

regards
Capt. Goodvibes