Saturday, 17 November 2012


GPMMA (GrandPine Capital Termed it GPMMA) or GMMA (general term) stands for "Guppy Multiple Moving Averages" which was created by Mr. Daryl Guppy, an Australian trader.

GPMMA consist of two sets of moving averages; one for the shorter term and the other for the longer term. The short term moving averages consist of 5 moving averages in 5, 8, 10, 12 & 15 days while the longer term set of moving averages are in 30, 40, 50, 55 & 60 days. The number of days are subjective. It depends very much on an individual. 

When the short term moving averages close above long term moving averages, it is believe to be bullish for the particular market and vice versa. The following charts provided by Grand Pine Capital say it all. 

I am using the chart of Dow Jone Industrial Average Index (DJI) on 16 Nov 2012 as an example for illustration. 

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