Tell a Story Friday, page-3

The Australian Market (XJO) finished down a little -0.18%.  It was up moderately at about 11.30 a.m.;  it then went into a swan dive until the last hour of trading where it had a modest blip on the upside.



This is probably one of those "bleah" days that don't mean a lot.  The trend remains up. If we get a pull-back, it will probably be bought, as the medium term trend remains up.

Today's action was quite good as the XXJ was down substantially -1.77% as a result of the ongoing actions in the Royal Commission.



Given that the XXJ is worth about one-third of the XJO, the final result today says a lot for the strength of the broader market.

The Royal Commission?  The proceedings are structured and orchestrated so that obvious "stars" are drawn and quartered for the aggrandisement of the main players:  the Commissioner and counsel-assisting.  They have power, and they are using it to condemn the personnel presented before them.  

This is clear case of the disproportionate use (abuse) of power.  Under their terms of reference they can bully and question with impunity their selected targets without much if any recourse.  

The final act today was the collapse of a person appearing (under compulsion) from the brutal inquisitorial acts of the RC.

No doubt, wilful acts have occurred through conscious decisions or acts of omission which have harmed naive people.  

Where, as a matter of balance, is the RC showing positives of our "system"?   Do they exist?
Are there any?  Or are all players in the "system" blackguards and brigands?

Draw and quarter them!