Australia raising taxes????? Not smart

Hi readers

Markets are playing catch up at the present time..
Many have been burnt trading on technicals alone and I'm starting to see thin gap trading.
While this is early before the XMAS holiday season, its a cautious period we are heading into.

The astrology hasn't changed at all for the month, but the volatility could freak out many.
Today on the ASX200 we saw the market open run 20 points up then drop 50 points.
Only to gain 20 again then drop another 20, then run 50 till the close.
The issue with this is that the volatility was aggressive even for the ASX200.
So while the astrology stands the moves in percentage terms might be more.

Is BHP a buy at the present time?
The answer to that is NO..
Sit tight and wait, same with the banks in Australia, all are still way overpriced.
Current P/E ratios are on past performances.
If you think banks will make same or more profits next year then buy them.
But the astrology is against you.
In fact the astrology is very negative for Australia for a while.

For the astrologers out there ....as Pluto moves to 7 degrees from the birth chart of the GST in Australia we see the political infighting going to the next level regarding raising the rate.
Whether people can accept it or not Australia lives beyond its means.
It spends far to much capital per head of population.
Can't keep living on the borrowed money.

But one warning raising the GST won't solve the issues Australia has.
Germany started at 10% too and now is at 19%

A raising of the rate will nose dive the economy, regardless of the bull shit the government reckons about compensating the low income earners.
In case you don't realise they are the economy, rich people are tight asses.
I know this as I am one.

Australian Property starting to tip over

Hi readers
Market is playing out as expected nothing else really to report.
Housing bubble has popped as expected and getting worse, media just hasn't picked up on it yet.
Real estate agents around Melbourne and Sydney know it but refuse to admit it! (Trying to play it down as a correction before panic really sets in).
When you look at the numbers it the median areas which are struggling to sell . ( working class)
Had Australia burst the bubble back in 2008 this would then be a correction.
But government back then handed out money and increase first home buyer schemes which just inflated prices more.
Anyway stay in cash and just wait..

I got this email from a reader.

I picked up your blog from a Twitter account.
I'm sure you know her Kate.
For some reason she called you her orical.
I now understand why.
Been a keen reader of your blog for a while.
I'm assuming James Bond isn't your real name either not that I really care.
The reason I was asking in September for you to expose your trades was to show to some of my clients what your about.
Some had there doubts but went along with the proposal I put to them.
Yes by now you realise I am a broker, at one of the larger investment firms in Melbourne.
In October after we closed out of the BHP shares and index positions a decision was made by all of my serious clients to seriously trade your calls with my technicals as a filter.
Last week we did so, and while the market was trading higher due to Wall Streets closing positive, we  attacked the market.
While our Sydney office had orders from overseas to buy we kept hitting the bid as quick as it was coming.
By lunchtime Melbourne time all our positions had been filled and it was a sit and wait attitude.
What was evident I could not believe.
Afternoon market started to slide.
The next day it continued as you had stated, we found ourselves sitting on 100+ point  profit per contract within 24 hours, which is remarkable considering the markets where not volatile.
I started closing positions out in the ASX200 as that's serious money with the volume we had.
5155-5165 we had covered all positions and the next day started buying the market around the same area.
We ended up closing out on Friday near the end of the day at the 5210-5215 area.

To make so much in the space of such a short time is remarkable.
I've been in this industry for 17 years and have seen a hell of a lot of pie in the sky schemes.
My clients have asked me to speak with you about doing some sort of an advisory should you decide to give up posting, as they would be more than willing to compensate you for your time.
Management here have also asked to make contact with you.
After writing up 110K in business in  3 days you know why.

We now have the Sydney office cautions when we enter the market...👀👀

As for giving something back as you ask, 4 of my clients I know for a fact donated $25K to the Royal Children's Hospital in Melbourne.
Please consider my offer and get back to me.
Should you not be able to travel to Australia for whatever reason, we would be happy to see you in Singapore.

GD
UBS
Melbourne office

November's dates ..

Hi readers ..
Market looks like it want to run and so it should but for how long..
Melbourne Cup was on and I hate to say it but my horse came second.. Max Dynamite.
There is always next year I guess.

RBA didn't move on rate, as expected.
Anyone who understands the banking system in Australia  would realise that the banks raised rates with the blessing of the RBA.
How stupid would it look if the banks moved on rates and then the RBA cut the cash rate 2 weeks later!
I noticed the smart money is bailing out of BHP, which isn't unexpected.
There is a buy coming soon!

The astrological dates for November ...

5th down
6th up
10th up
11th up new moon in Scorpio ..a number of scandals coming. Watch oil, and grains
12th up
13th up in the morning.
17th up
19th down
20th down
22nd,23rd very choppy best to stay away
25th big down day
30th up

As always use the above as an indicator to your own work.
Meanings
Up = positive astrology
Down= negative astrology.

The above is for the S&P and the ASX200..
Hang SENG won't have the positives as much as the other two markets.
Europe will follow but percentage terms far less.

One for the true believers of financial astrology

Hi readers

Friday's trading was one for the true believers of financial astrology.
Market was against us during globex and most of the morning until it was unable to stay up and fell away.
While some got concerned about the move down in the end astrology came through.
It's was however disappointing that the market didn't fall to the 2050 level which I had anticipated.
That to me is a warning sign..
Market could be ready to explode to the upside soon..
But then when you look at the ASX200 or Hong Kong there dragging there feet.
Anyway all in all once again a great month of trading and great profits.

Will post later on today the astrology for the November month ahead.

In stocks
AAPL pushed up which once again, looks like everyone will be recieving a new IPhone for Xmas.
As for NFLX going up on hope.

We got our 2% move down and BHP UNDER $23

Hi readers

The Asx200 has performed as expected sliding over 2% which is wonderful.
Another tick for financial astrology.
BHP also is under $23 as expected.
The S&P at the present time is going to make us sweat it out till the close it looks like.
I'm still holding my shorts at 2080 there, and confident with the astrology I have that it will closed down hard tonight.

For those of you who keep asking about the Housing mortgagee sales they are on the realestate.com website and the domain also.
This week there is 411 in both Sydney and Melbourne markets.

For those who are thinking of holding on to the ASX200 positions, choice is your but I like closing out positions as to the rule. Cash is KING in my world.

You sleep in the bed you spread

Hi readers

I don't usually post in the afternoons but this is unbelievable what's on the news here in Singapore.
Privately educated students bragging that they are the elites of the state.

How's this for a quote " just remember that your parents work for mine so don't complain to them or you never know what might happen".

I've never seen or heard of such stuck up people of this world.
I don't blame the students posting on social media the above but the parents of the students,( Xavier College in Melbourne).
Well done Australia for creating a two tier society.
Your catching up to the Americans.
Asian are elite but very humble, and appreciate those who don't.

Another thing too which I laughed my ass off,
How can police in Melbourne issue 1000 speeding fines a day to people travelling 2 Kilometres over the speed limit yet can't catch 2 bush wakes who have been on the run for 8 years.
Something is so terribly wrong with policing in Melbourne/Australia.

 In the market today

I managed to set myself up for the fall tomorrow.
It looks as tho many other also did to which is annoying as the move has already been created in the ASX200.
In the S&P I manged to picked up 2081, which I'm comfortable with .
Won't surprise me if we see 2050 or lower tonight, which will then kill the move somewhat on Friday.
Then we will have to reassess.

Fed has no credibility .

Morning readers

Finally we get some news to talk about.
The fed now has a December agenda to raise rates!
The market rallies on it ..... You have to laugh seriously..
The economy is fragile as it is and the fed is going to raise rates just before Xmas...
If you believe that then your a fool.
That's why the market rallied today the hot money doesn't believe a word of the fed and neither should you.
All the banks around the world are behind the game.
If they are going to continue using primitive economics then that's where economic policy will stay, in the stone age.

On the political front I'm so happy today that Carson is ahead in the polls for the republican nomination.

His got Donald spinning about not being ahead in the polls.

As for the other candidates there wasting there time and money.
Jed Bush has no chance, thanks to George W.
People don't forget what life was like.

What's heartening for the republicans is that Carson can sway the swing voters and that's what needs to be done, not just pick up the republican votes.
I don't see anyone else in the Republican nominees doing that.
It's my view that I think his the only person to take the fight right up to Hilary and maybe win.

In trading
Today will start looking for shorting opportunities for Friday's move.
Wall Street blew past levels which long term shorts where and had to cover traders.
No need to rush any short positions, watch your work and if it comes take it if not wait.

By the way to the Australian readers, don't anticipate a rate cut before Xmas.
If for some reason the RBA does move 63 is the next point on the $A.
Only a fool would act just after the banks moved rates up because of recommendations by the RBA.
See how the market is fooling many small traders.
Authorities around the world have worked out how to play its people with the media.