Tuesday, November 23, 2010

Heading to Morocco, agricultural project

PowerShares DB Agriculture Fund (DBA) chart analysis ;
1) Long base pattern
2) Break out is clear
3) Bull market in agricultural "JUST" started
Often do some business in imports/exports and real estate (Thailand).
This time, heading to my mother's homeland (she was born and raised in Casablanca), in order to buy some agricultural land (with a partner).
Reason is simple ; Land is really cheap (compared to most real estate there), great fruits and vegetables (at amazing prices), close to the EU, and close to Central Africa.
The idea is to supply some clients in the Benelux region.
Next step is to bring cows from Holland to Morocco.
The region is called "Meknes".
If you are interested , just send me an email, and I'll update you with local possibilities.
So no blogging for the next 10 days ..... hope nothing funny happens :)
PS : The SP 500 has a typical cup and handle pattern ; so allow the "handle" to form (its a tight channel), then expect a major bullish break out.
Bad news are probably "priced in" ........ they do not affect the SP anymore !

2 comments:

Richard said...

Hi Moise,

Asia is showing some poor performance overnight, have you discounted this in today's opinion? Earlier you mentioned that Shanghai is THE indicator for direction..

Have fun in Marocco!

Rgds,

Richard

Anonymous said...

Buying DAG...


Let's fill the gap, maybe even retest $10.40.
Then let's fill the gap, around $12.8.
Then let's make all new highs... $16+?

Enjoy Morocco!