Need to know who the sucker is in the room when you walk in .

http://www.weeklytimesnow.com.au/agribusiness/federal-court-finds-egg-producers-did-not-attempt-to-create-cartel/news-story/7527a0033651363e57d1cb09e21a0726

Hi readers.

So the ACCC loose there case against Farm Pride... Not surprised by that .
As I said previously there Jupiter is so strong for another 22 months anything that is throw at them will fail.
The truth is your dam right it's a cartel and a good one too..
Problem is you have to prove it.
Exactly the same as the broking houses with there insider trading.
They know it goes on but the regulators have to prove it..

Stupid regulators easy to hide insider trading.
Dumb regulators easy to hide cartel evidence.

The oil companies do it too, but in this case it's on a small scale and the ACCC  was under the impression that FARM PRIDE would roll over..
IF YOU DONT KNOW WHO THE SUCKER IS IN 3 SECONDS FLAT , YOU ARE THE SUCKER!!!!!!!!
So where does the stock go from here?
I still believe it's proper value is between the $1.80-$2 area.

In the markets yesterday we saw a large elephant margin called and as a result the ASX took a beating.
Only to bounce solidly back after the selling was completed...
That's what happens when your big, everyone can hear an elephant walking .
Bigger isn't always better.
When your trading small market you need to be a tiger, where nobody can hear you coming or going.
It's amazing how the banks in Australia have the population as slaves.
I say this because the CBA reports a 4.6 billion first half profit.
That's so ridiculous I can't even digest it.
That should hold well for a positive day on the ASX but don't expect it to carry on throughout the day.

In the U.S. we are getting to the point where we need to see if the fed has balls.
Investment banks are prepared to take on the fed at its word which means it's time for action.
Banks through there investment arms will continue to push the market down to keep the fed at bay.
Fed needs to keep raising rates to at least 2% .
Needs to reload there guns and need to get of this QE addiction the market has.
If Bullard was the chairman rates would already be 3% now ..

Use the ASX as an economic barometer.

Hi readers 

Has the links to the chain started to crack or is it just a pause.

Corporate earning isn't meeting expectation, so is it a case of expectations too high or is it companies not performing on all cyclinders.

There could be a case for both but this attempt to try and handcuff the fed is very dangerous.

In the event of a collapse the fed has all but 2 bullets to fire and to be honest there not really capable of serious penetration.

So it's my view that the Fed needs to keep raising rates regardless of the stock market, as the domestic US economy is proving to be resilient.

Europe has negative rates, Japan also has negative rates.

In the event that the U.S. goes negative then global recession for a decade will follow.

I say this because I have been doing the astrology for the U.S. economy for the next 2 years over the last week and there are road we seriously don't want to get on.

It's true as the Fed explands it's money supply the Stockmarket moves higher, but right we need to see some sort of justifications for the price level the Stockmarket is at .

 

Here is an interesting  fact. 

Before the Global meltdown all markets around the world kept peaking up making new highs.

Since then most markets have gone back up there and have made higher highs. Except Australia.

Australia still has seen the 6700 level now almost 5 years.

I say this not to pick on Australia.

I say it because Australia doesn't have reserve bank intervention in the Stockmarket.

It's not permitted in there charter of economic policy.

The ASX is used by many large hedgefunds as a barometer of the world economy.

Right now it's seriously doesn't look good, and while governments around the world are looking to make cuts to services and raise taxes, that's not how you promote growth to get out of the mess they have created.

It's my believe that until governments around the western world drop this west minister system and move into an Asian system there will be no serious growth.

In markets

For the month of February for those who are asking for my results..

ES -17 on closed position..

I do have open positions in both the SPI and ES..

We saw some margin selling yesterday in markets so it will be interesting to see how hard it bounces back...

For Ash and Christian in Austria if the ES closes under 1734 then you will see some huge fund liquidation,but until then I don't see this happening, until maybe April tax selling , but till then very early .

General view

Hi readers

I honestly thought that a 4.9% employment rate would have really pushed the market higher aggressively, yet it went the other way.
With the potential talk of another rate rise..
Technology sector is continuing to fall nice and easy, with the lack of serious innovation.
Until we see that this sector will keep sliding.
Sure the chips will move around from one stock to the other but as a sector money will keep coming leaving looking for other sectors.

On Monday we have a new moon!
Stock which fall into it tend to make a reversal and start trading higher some time.
NFLX has a opportunity to turn around and trade higher if the smart ass Reed can allow his pride to be damaged.
I suspect not but you never know.
Anyway for those carrying the astrological trade with us , look to cover all shorts, put options and CFDs on the stock in the morning once the stock trades under $80.
We can get back in on the short side in April/ May at 100+ again or when it comes.
As for Apple stock is just buying time at the present time.
It's suppliers continue to let out the sluggish orders from Apple and Tim if being force to use the treasure chest to buy stock slowly...
I believe they call it orderly fashion..
 Nth Korea tested a missile this morning and all of a sudden everyone is freaking out.
No one seems to get it that this muppet enjoys stirring up his asian neighbours.
The UN or the security council has become an irrelevant organisation, so that why he can do what he does.
I'm intrigued tho, every time he does let a missile of is someone stacking shorts only to cover them once he lets one go .

There was a lot of Neptune/ Pluto quin, this time around which is indicating, financial gain by deception.... Interesting

With the new moon look for a low 24 hours either side but I suspect we should see it Monday.