Monday, November 26, 2007
David Schirmer’s Stock Market Indices Report - November 26, 2007
Welcome to my Stock Market Indices Report.
This report is in no way indicative of what individual stocks will do but rather a general ‘crystal ball’ of overall market movements. Individual stocks often do not move in the same direction or the same magnitude as an index. To know what stocks to buy or what to sell you must do your own study and research. Please read the disclaimer below.
Two weeks ago I wrote, “If the market falls through 6469 then retraces back up and fails to close above that level before a continued decline we can be pretty certain that the 18-year cycle high is complete.” Well, the Australian All Ordinaries Index fell through and closed below 6469 last Wednesday, November 21. It hasn’t rebounded yet so we will see this week whether it swings up and fails to take out that resistance level, if it can’t break above 6469 and starts to fall again beware!
I just finished conducting our last Professional Traders Workshop for 2007. I was asked there if the stock market chart could predicted who might win the Australian election … I suggested even though I didn’t like it for the sake of business and economy, the charts showed a labour government coming to power – and it proved right again. This does not bode well for the stock market.
Australia has experienced a solid economy for many years now with the stock market rising 258% since March 2003. Many people who have got into the stock market over the past 4 years think this rise is normal and have been making money without any education, they are using significant amounts of borrow funds as well and have little stock market knowledge or experience. With Reserve Bank interest rates continuing to rise to between 8.75% and 11.25% by the end of 2008 (a prediction I made back in 2003), many of these people will be paying more home loan interest, start losing money on the stock market, and panic! Should be interesting to watch!!
The XAO is in week 15 of its 22-week Primary Cycle. Further weakness and confirmation of the 18-year cycle decline should continue this week.
I mentioned in my last report that “the next reversal date is Thursday, November 15. The major reversal period in December is 24 through 28 (a Primary Cycle or greater peak or trough)”. The market did reverse down on November 15, this week I am keenly watching today (Monday 26 November). It could turn and head up, however my bias is a small counter trend up (1-3 days) followed by a continued decline. The reversal dates this week are Monday November 26 and Friday November 30.
Areas of support for the All Ordinaries are 6345, 6252, 6182 and 5844. Points where the All Ordinaries could experience resistance advancing higher are 6469, 6798, 6873, and 6964.
I hope to see many of you at my “How To Apply The Secret” seminars around Australia over this next 2 weeks (see details below).
Next report out on Monday, December 3.
UPCOMING SEMINARS:
“How To Apply The Secret” seminar
http://www.thesecret.com.au/how-to-apply-the-secret-seminar.html
A one-day event that could change your life forever! Here is what a couple of people said about the “How To Apply The Secret” seminar recently in NZ:
“Recognising the poverty consciousness that we have inherited is old hat, but being given the tools to affect changes in our world is priceless!! What a great gift for ourselves, the economy – and our children’s children in all aspects!! Many thanks to all involved.” - Karen Kotze, Journalist, Auckland
“WOW!! Where to start? This is a fantastic seminar. I have been immersed in Bob Proctor material since February 07 and I still had HUGE breakthroughs today!” - Chris Bridgeman, Director, Auckland
Nov 27th - Brisbane (QLD) Bris. Convention Centre - Book Now
Nov 28th - Melbourne (VIC) Rydges Carlton - Book Now
Nov 29th - Adelaide (SA) Adelaide Convention Centre - Book Now
Dec 1st - Sydney (NSW) Citigate Central - Book Now
Dec 4th - Perth (WA) Duxton Hotel - Book Now
Yours in abundance,
David Schirmer
P.S. Check out http://davidschirmer.blogspot.com/ for insights to my Secret Journey.
Terminology
XAO - The All Ordinaries (colloquially, the "All Ords"; also known as the All Ordinaries Index, AOI) is the main index of shares for the Australian Stock Exchange.
Disclaimer
The training and education services provided by Wealth By Choice Pty Ltd (ACN 112 230 958) involve the supply of factual information about securities and commodity markets only. It should not be assumed that the methods, techniques or indicators presented will be profitable or that they will not result in losses. Past results are not necessarily indicative of future results. The training and education services do not involve any recommendations in relation to your personal financial circumstances or investment needs and does not provide any investment advice. Examples presented are for educational purposes only. Any stock, option, warrant, CFD or futures contract mentioned are not a recommendation to buy, sell or hold but merely a study of past performance.
Before making any investment or trading decisions you should obtain advice from a licensed securities or financial advisor and consider with or without the assistance of a securities or financial advisor, whether the advice is appropriate in light of the particular investment or trading needs, objectives and financial circumstances of the prospective investor or trader. Wealth By Choice Pty Ltd and its representatives and officers will not accept liability for any loss, damage or expense incurred or suffered by you if you rely on any information provided in making investment decisions. By attending any Wealth By Choice Pty Ltd or associated companies events or reading or viewing any Wealth By Choice Pty Ltd or associated material, you are implicitly agreeing to the conditions set out above.
Trading Edge is a registered trademark and is used under license by Wealth By Choice Pty Ltd.
© 2007 Wealth By Choice Pty Ltd, all rights reserved.
This report is in no way indicative of what individual stocks will do but rather a general ‘crystal ball’ of overall market movements. Individual stocks often do not move in the same direction or the same magnitude as an index. To know what stocks to buy or what to sell you must do your own study and research. Please read the disclaimer below.
Two weeks ago I wrote, “If the market falls through 6469 then retraces back up and fails to close above that level before a continued decline we can be pretty certain that the 18-year cycle high is complete.” Well, the Australian All Ordinaries Index fell through and closed below 6469 last Wednesday, November 21. It hasn’t rebounded yet so we will see this week whether it swings up and fails to take out that resistance level, if it can’t break above 6469 and starts to fall again beware!
I just finished conducting our last Professional Traders Workshop for 2007. I was asked there if the stock market chart could predicted who might win the Australian election … I suggested even though I didn’t like it for the sake of business and economy, the charts showed a labour government coming to power – and it proved right again. This does not bode well for the stock market.
Australia has experienced a solid economy for many years now with the stock market rising 258% since March 2003. Many people who have got into the stock market over the past 4 years think this rise is normal and have been making money without any education, they are using significant amounts of borrow funds as well and have little stock market knowledge or experience. With Reserve Bank interest rates continuing to rise to between 8.75% and 11.25% by the end of 2008 (a prediction I made back in 2003), many of these people will be paying more home loan interest, start losing money on the stock market, and panic! Should be interesting to watch!!
The XAO is in week 15 of its 22-week Primary Cycle. Further weakness and confirmation of the 18-year cycle decline should continue this week.
I mentioned in my last report that “the next reversal date is Thursday, November 15. The major reversal period in December is 24 through 28 (a Primary Cycle or greater peak or trough)”. The market did reverse down on November 15, this week I am keenly watching today (Monday 26 November). It could turn and head up, however my bias is a small counter trend up (1-3 days) followed by a continued decline. The reversal dates this week are Monday November 26 and Friday November 30.
Areas of support for the All Ordinaries are 6345, 6252, 6182 and 5844. Points where the All Ordinaries could experience resistance advancing higher are 6469, 6798, 6873, and 6964.
I hope to see many of you at my “How To Apply The Secret” seminars around Australia over this next 2 weeks (see details below).
Next report out on Monday, December 3.
UPCOMING SEMINARS:
“How To Apply The Secret” seminar
http://www.thesecret.com.au/how-to-apply-the-secret-seminar.html
A one-day event that could change your life forever! Here is what a couple of people said about the “How To Apply The Secret” seminar recently in NZ:
“Recognising the poverty consciousness that we have inherited is old hat, but being given the tools to affect changes in our world is priceless!! What a great gift for ourselves, the economy – and our children’s children in all aspects!! Many thanks to all involved.” - Karen Kotze, Journalist, Auckland
“WOW!! Where to start? This is a fantastic seminar. I have been immersed in Bob Proctor material since February 07 and I still had HUGE breakthroughs today!” - Chris Bridgeman, Director, Auckland
Nov 27th - Brisbane (QLD) Bris. Convention Centre - Book Now
Nov 28th - Melbourne (VIC) Rydges Carlton - Book Now
Nov 29th - Adelaide (SA) Adelaide Convention Centre - Book Now
Dec 1st - Sydney (NSW) Citigate Central - Book Now
Dec 4th - Perth (WA) Duxton Hotel - Book Now
Yours in abundance,
David Schirmer
P.S. Check out http://davidschirmer.blogspot.com/ for insights to my Secret Journey.
Terminology
XAO - The All Ordinaries (colloquially, the "All Ords"; also known as the All Ordinaries Index, AOI) is the main index of shares for the Australian Stock Exchange.
Disclaimer
The training and education services provided by Wealth By Choice Pty Ltd (ACN 112 230 958) involve the supply of factual information about securities and commodity markets only. It should not be assumed that the methods, techniques or indicators presented will be profitable or that they will not result in losses. Past results are not necessarily indicative of future results. The training and education services do not involve any recommendations in relation to your personal financial circumstances or investment needs and does not provide any investment advice. Examples presented are for educational purposes only. Any stock, option, warrant, CFD or futures contract mentioned are not a recommendation to buy, sell or hold but merely a study of past performance.
Before making any investment or trading decisions you should obtain advice from a licensed securities or financial advisor and consider with or without the assistance of a securities or financial advisor, whether the advice is appropriate in light of the particular investment or trading needs, objectives and financial circumstances of the prospective investor or trader. Wealth By Choice Pty Ltd and its representatives and officers will not accept liability for any loss, damage or expense incurred or suffered by you if you rely on any information provided in making investment decisions. By attending any Wealth By Choice Pty Ltd or associated companies events or reading or viewing any Wealth By Choice Pty Ltd or associated material, you are implicitly agreeing to the conditions set out above.
Trading Edge is a registered trademark and is used under license by Wealth By Choice Pty Ltd.
© 2007 Wealth By Choice Pty Ltd, all rights reserved.
Tuesday, November 13, 2007
David Schirmer's Stock Market Indices Report - November 12, 2007
Welcome to my Stock Market Indices Report. This report is in no way indicative of what individual stocks will do but rather a general ‘crystal ball’ of overall market movements. Individual stocks often do not move in the same direction or the same magnitude as an index. To know what stocks to buy or what to sell you must do your own study and research. Please read the disclaimer below.
I wrote last week, “If these levels are exceeded then this could be the start of a much more significant decline. The middle of this week is a high energy period for a reversal in the markets.”
The All Ordinaries index fell 191 points last Thursday and has continued its decline, breaking through the October 22, 2007 low. The next area to watch is if the index can break through the support level of the previous high of 6469. If the market falls through 6469 then retraces back up and fails to close above that level before a continued decline we can be pretty certain that the 18-year cycle high is complete.
If on the other hand the All Ords index fails to break through the 6469 level and continues to rise above 6733 expect new all time highs to be formed. I wrote back in 2003 that the All Ordinaries Index could go beyond 7500 points before the completion of this 18-year cycle.
The XAO is in week 13 of its 22-week Primary Cycle. The peak happened in week 11. If the market does not rise above the high of 6873 within the next 3 weeks it will make a ‘centre translation’ cycle. This indicates a ‘running out’ of bullish emotion and hence a significant bear market to follow. My bias is currently with the later since we are so close to the possible termination of the 18-year cycle (the trough on or before October 2008).
Next reversal date is Thursday, November 15. The major reversal period in December is 24 through 28 (a Primary Cycle or greater peak or trough). Areas of support for the All Ordinaries are 6469 and 6345. Points where the All Ordinaries could experience resistance advancing higher are 6798, 6873, 6894 and 6964.
Next report out on Monday, November 19.
UPCOMING SEMINARS: “How To Apply The Secret” seminar
http://www.thesecret.com.au/how-to-apply-the-secret-seminar.html
A one-day event that could change your life forever! Here is what a couple of people said about the “How To Apply The Secret” seminar recently in NZ:
“Recognising the poverty consciousness that we have inherited is old hat, but being given the tools to affect changes in our world is priceless!! What a great gift for ourselves, the economy – and our children’s children in all aspects!! Many thanks to all involved.” - Karen Kotze, Journalist, Auckland
“WOW!! Where to start? This is a fantastic seminar. I have been immersed in Bob Proctor material since February 07 and I still had HUGE breakthroughs today!” - Chris Bridgeman, Director, Auckland
Nov 27th - Brisbane (QLD) Bris. Convention Centre - Book Now
Nov 28th - Melbourne (VIC) Rydges Carlton - Book Now
Nov 29th - Adelaide (SA) Adelaide Convention Centre - Book Now
Dec 1st - Sydney (NSW) Citigate Central - Book Now
Dec 4th - Perth (WA) Duxton Hotel - Book Now
Yours in abundance,
David Schirmer
P.S. Check out http://davidschirmer.blogspot.com/ for insights to my Secret Journey.
Terminology
CAC - The CAC 40 index is the main benchmark for Euronext Paris (France).
DAX - DAX 30 is a Blue Chip stock market index consisting of the 30 major German companies trading on the Frankfurt Stock Exchange.
DOW - The Dow Jones Industrial Average (The Dow) is the main stock market index for the New York Stock Exchange (USA).
FTSE - The FTSE 100 Index (or just the FTSE, pronounced footsie) is a share index of the 100 most highly capitalised companies listed on the London Stock Exchange. FTSE is an abbreviation of 'Financial Times Stock Exchange'.
Nikkei - Nikkei 225 is a stock market index for the Tokyo Stock Exchange (Japan).
S&P - The S&P 500 is an index containing the stocks of 500 Large-Cap corporations, most of which are American, from both the NYSE and NASDAQ Stock Exchanges (USA).
XAO - The All Ordinaries (colloquially, the "All Ords"; also known as the All Ordinaries Index, AOI) is the main index of shares for the Australian Stock Exchange.
Disclaimer
The training and education services provided by Wealth By Choice Pty Ltd (ACN 112 230 958) involve the supply of factual information about securities and commodity markets only. It should not be assumed that the methods, techniques or indicators presented will be profitable or that they will not result in losses. Past results are not necessarily indicative of future results. The training and education services do not involve any recommendations in relation to your personal financial circumstances or investment needs and does not provide any investment advice. Examples presented are for educational purposes only. Any stock, option, warrant, CFD or futures contract mentioned are not a recommendation to buy, sell or hold but merely a study of past performance.
Before making any investment or trading decisions you should obtain advice from a licensed securities or financial advisor and consider with or without the assistance of a securities or financial advisor, whether the advice is appropriate in light of the particular investment or trading needs, objectives and financial circumstances of the prospective investor or trader. Wealth By Choice Pty Ltd and its representatives and officers will not accept liability for any loss, damage or expense incurred or suffered by you if you rely on any information provided in making investment decisions. By attending any Wealth By Choice Pty Ltd or associated companies events or reading or viewing any Wealth By Choice Pty Ltd or associated material, you are implicitly agreeing to the conditions set out above.
Trading Edge is a registered trademark and is used under license by Wealth By Choice Pty Ltd.
© 2007 Wealth By Choice Pty Ltd, all rights reserved.
I wrote last week, “If these levels are exceeded then this could be the start of a much more significant decline. The middle of this week is a high energy period for a reversal in the markets.”
The All Ordinaries index fell 191 points last Thursday and has continued its decline, breaking through the October 22, 2007 low. The next area to watch is if the index can break through the support level of the previous high of 6469. If the market falls through 6469 then retraces back up and fails to close above that level before a continued decline we can be pretty certain that the 18-year cycle high is complete.
If on the other hand the All Ords index fails to break through the 6469 level and continues to rise above 6733 expect new all time highs to be formed. I wrote back in 2003 that the All Ordinaries Index could go beyond 7500 points before the completion of this 18-year cycle.
The XAO is in week 13 of its 22-week Primary Cycle. The peak happened in week 11. If the market does not rise above the high of 6873 within the next 3 weeks it will make a ‘centre translation’ cycle. This indicates a ‘running out’ of bullish emotion and hence a significant bear market to follow. My bias is currently with the later since we are so close to the possible termination of the 18-year cycle (the trough on or before October 2008).
Next reversal date is Thursday, November 15. The major reversal period in December is 24 through 28 (a Primary Cycle or greater peak or trough). Areas of support for the All Ordinaries are 6469 and 6345. Points where the All Ordinaries could experience resistance advancing higher are 6798, 6873, 6894 and 6964.
Next report out on Monday, November 19.
UPCOMING SEMINARS: “How To Apply The Secret” seminar
http://www.thesecret.com.au/how-to-apply-the-secret-seminar.html
A one-day event that could change your life forever! Here is what a couple of people said about the “How To Apply The Secret” seminar recently in NZ:
“Recognising the poverty consciousness that we have inherited is old hat, but being given the tools to affect changes in our world is priceless!! What a great gift for ourselves, the economy – and our children’s children in all aspects!! Many thanks to all involved.” - Karen Kotze, Journalist, Auckland
“WOW!! Where to start? This is a fantastic seminar. I have been immersed in Bob Proctor material since February 07 and I still had HUGE breakthroughs today!” - Chris Bridgeman, Director, Auckland
Nov 27th - Brisbane (QLD) Bris. Convention Centre - Book Now
Nov 28th - Melbourne (VIC) Rydges Carlton - Book Now
Nov 29th - Adelaide (SA) Adelaide Convention Centre - Book Now
Dec 1st - Sydney (NSW) Citigate Central - Book Now
Dec 4th - Perth (WA) Duxton Hotel - Book Now
Yours in abundance,
David Schirmer
P.S. Check out http://davidschirmer.blogspot.com/ for insights to my Secret Journey.
Terminology
CAC - The CAC 40 index is the main benchmark for Euronext Paris (France).
DAX - DAX 30 is a Blue Chip stock market index consisting of the 30 major German companies trading on the Frankfurt Stock Exchange.
DOW - The Dow Jones Industrial Average (The Dow) is the main stock market index for the New York Stock Exchange (USA).
FTSE - The FTSE 100 Index (or just the FTSE, pronounced footsie) is a share index of the 100 most highly capitalised companies listed on the London Stock Exchange. FTSE is an abbreviation of 'Financial Times Stock Exchange'.
Nikkei - Nikkei 225 is a stock market index for the Tokyo Stock Exchange (Japan).
S&P - The S&P 500 is an index containing the stocks of 500 Large-Cap corporations, most of which are American, from both the NYSE and NASDAQ Stock Exchanges (USA).
XAO - The All Ordinaries (colloquially, the "All Ords"; also known as the All Ordinaries Index, AOI) is the main index of shares for the Australian Stock Exchange.
Disclaimer
The training and education services provided by Wealth By Choice Pty Ltd (ACN 112 230 958) involve the supply of factual information about securities and commodity markets only. It should not be assumed that the methods, techniques or indicators presented will be profitable or that they will not result in losses. Past results are not necessarily indicative of future results. The training and education services do not involve any recommendations in relation to your personal financial circumstances or investment needs and does not provide any investment advice. Examples presented are for educational purposes only. Any stock, option, warrant, CFD or futures contract mentioned are not a recommendation to buy, sell or hold but merely a study of past performance.
Before making any investment or trading decisions you should obtain advice from a licensed securities or financial advisor and consider with or without the assistance of a securities or financial advisor, whether the advice is appropriate in light of the particular investment or trading needs, objectives and financial circumstances of the prospective investor or trader. Wealth By Choice Pty Ltd and its representatives and officers will not accept liability for any loss, damage or expense incurred or suffered by you if you rely on any information provided in making investment decisions. By attending any Wealth By Choice Pty Ltd or associated companies events or reading or viewing any Wealth By Choice Pty Ltd or associated material, you are implicitly agreeing to the conditions set out above.
Trading Edge is a registered trademark and is used under license by Wealth By Choice Pty Ltd.
© 2007 Wealth By Choice Pty Ltd, all rights reserved.
David Schirmer's Stock Market Indices Report - November 8, 2007
Welcome to my Stock Market Indices Report. This report is in no way indicative of what individual stocks will do but rather a general ‘crystal ball’ of overall market movements. Individual stocks often do not move in the same direction or the same magnitude as an index. To know what stocks to buy or what to sell you must do your own study and research. Please read the disclaimer below.
I’m back again … I missed posting my report for the past 3 weeks. I left my laptop on the plane on a flight from Brisbane to Melbourne and on it was all my reports, charts and market data … everything!!! (no, I didn’t have it backed up externally). Thankfully Qantas finally found it and I’ve got it back.
Most major markets experienced what appears to have been a half primary cycle low around the 22nd October. Most of the western markets have been unable to take out the high leading into the half primary cycle low.
The FTSE, Dow and S&P500 have all failed to create a new high and displayed weakness towards the end of last week. The Hang Seng surged higher and the Australian All Ordinaries also created a new high but not quite as strongly.
Critical points to watch this week is whether support is firstly found at the low of last week and then at the level of the low of the 22nd October. If these levels are exceeded then this could be the start of a much more significant decline.
The middle of this week is a high energy period for a reversal in the markets. Areas of support for the All Ordinaries next week are 6705, 6559 and 6345. Points where the All Ordinaries could experience resistance advancing higher are 6798, 6873, 6894 and 6964.
Next report out on Monday, November 12. If for some reason you miss my weekly report you can read them on my blog http://davidschirmerxao.blogspot.com/
UPCOMING SEMINARS: The Science of Getting Rich in Sydney next weekend
Call our office to register +61-(0)3-9879-8155
Yours in abundance,
David Schirmer
P.S. Check out http://davidschirmer.blogspot.com/ for insights to my Secret Journey.
Terminology
CAC The CAC 40 index is the main benchmark for Euronext Paris (France).
DAX DAX 30 is a Blue Chip stock market index consisting of the 30 major German companies trading on the Frankfurt Stock Exchange.
DOW The Dow Jones Industrial Average (The Dow) is the main stock market index for the New York Stock Exchange (USA).
FTSE The FTSE 100 Index (or just the FTSE, pronounced footsie) is a share index of the 100 most highly capitalised companies listed on the London Stock Exchange. FTSE is an abbreviation of 'Financial Times Stock Exchange'.
Nikkei Nikkei 225 is a stock market index for the Tokyo Stock Exchange (Japan).
S&P The S&P 500 is an index containing the stocks of 500 Large-Cap corporations, most of which are American, from both the NYSE and NASDAQ Stock Exchanges (USA).
XAO The All Ordinaries (colloquially, the "All Ords"; also known as the All Ordinaries Index, AOI) is the main index of shares for the Australian Stock Exchange.
Disclaimer
The training and education services provided by Wealth By Choice Pty Ltd (ACN 112 230 958) involve the supply of factual information about securities and commodity markets only. It should not be assumed that the methods, techniques or indicators presented will be profitable or that they will not result in losses. Past results are not necessarily indicative of future results. The training and education services do not involve any recommendations in relation to your personal financial circumstances or investment needs and does not provide any investment advice. Examples presented are for educational purposes only. Any stock, option, warrant, CFD or futures contract mentioned are not a recommendation to buy, sell or hold but merely a study of past performance.
Before making any investment or trading decisions you should obtain advice from a licensed securities or financial advisor and consider with or without the assistance of a securities or financial advisor, whether the advice is appropriate in light of the particular investment or trading needs, objectives and financial circumstances of the prospective investor or trader. Wealth By Choice Pty Ltd and its representatives and officers will not accept liability for any loss, damage or expense incurred or suffered by you if you rely on any information provided in making investment decisions. By attending any Wealth By Choice Pty Ltd or associated companies events or reading or viewing any Wealth By Choice Pty Ltd or associated material, you are implicitly agreeing to the conditions set out above.
Trading Edge is a registered trademark and is used under license by Wealth By Choice Pty Ltd.
© 2007 Wealth By Choice Pty Ltd, all rights reserved.
I’m back again … I missed posting my report for the past 3 weeks. I left my laptop on the plane on a flight from Brisbane to Melbourne and on it was all my reports, charts and market data … everything!!! (no, I didn’t have it backed up externally). Thankfully Qantas finally found it and I’ve got it back.
Most major markets experienced what appears to have been a half primary cycle low around the 22nd October. Most of the western markets have been unable to take out the high leading into the half primary cycle low.
The FTSE, Dow and S&P500 have all failed to create a new high and displayed weakness towards the end of last week. The Hang Seng surged higher and the Australian All Ordinaries also created a new high but not quite as strongly.
Critical points to watch this week is whether support is firstly found at the low of last week and then at the level of the low of the 22nd October. If these levels are exceeded then this could be the start of a much more significant decline.
The middle of this week is a high energy period for a reversal in the markets. Areas of support for the All Ordinaries next week are 6705, 6559 and 6345. Points where the All Ordinaries could experience resistance advancing higher are 6798, 6873, 6894 and 6964.
Next report out on Monday, November 12. If for some reason you miss my weekly report you can read them on my blog http://davidschirmerxao.blogspot.com/
UPCOMING SEMINARS: The Science of Getting Rich in Sydney next weekend
Call our office to register +61-(0)3-9879-8155
Yours in abundance,
David Schirmer
P.S. Check out http://davidschirmer.blogspot.com/ for insights to my Secret Journey.
Terminology
CAC The CAC 40 index is the main benchmark for Euronext Paris (France).
DAX DAX 30 is a Blue Chip stock market index consisting of the 30 major German companies trading on the Frankfurt Stock Exchange.
DOW The Dow Jones Industrial Average (The Dow) is the main stock market index for the New York Stock Exchange (USA).
FTSE The FTSE 100 Index (or just the FTSE, pronounced footsie) is a share index of the 100 most highly capitalised companies listed on the London Stock Exchange. FTSE is an abbreviation of 'Financial Times Stock Exchange'.
Nikkei Nikkei 225 is a stock market index for the Tokyo Stock Exchange (Japan).
S&P The S&P 500 is an index containing the stocks of 500 Large-Cap corporations, most of which are American, from both the NYSE and NASDAQ Stock Exchanges (USA).
XAO The All Ordinaries (colloquially, the "All Ords"; also known as the All Ordinaries Index, AOI) is the main index of shares for the Australian Stock Exchange.
Disclaimer
The training and education services provided by Wealth By Choice Pty Ltd (ACN 112 230 958) involve the supply of factual information about securities and commodity markets only. It should not be assumed that the methods, techniques or indicators presented will be profitable or that they will not result in losses. Past results are not necessarily indicative of future results. The training and education services do not involve any recommendations in relation to your personal financial circumstances or investment needs and does not provide any investment advice. Examples presented are for educational purposes only. Any stock, option, warrant, CFD or futures contract mentioned are not a recommendation to buy, sell or hold but merely a study of past performance.
Before making any investment or trading decisions you should obtain advice from a licensed securities or financial advisor and consider with or without the assistance of a securities or financial advisor, whether the advice is appropriate in light of the particular investment or trading needs, objectives and financial circumstances of the prospective investor or trader. Wealth By Choice Pty Ltd and its representatives and officers will not accept liability for any loss, damage or expense incurred or suffered by you if you rely on any information provided in making investment decisions. By attending any Wealth By Choice Pty Ltd or associated companies events or reading or viewing any Wealth By Choice Pty Ltd or associated material, you are implicitly agreeing to the conditions set out above.
Trading Edge is a registered trademark and is used under license by Wealth By Choice Pty Ltd.
© 2007 Wealth By Choice Pty Ltd, all rights reserved.
David Schirmer's Stock Market Indices Report - October 8, 2007
Welcome to my Stock Market Indices Report. This report is in no way indicative of what individual stocks will do but rather a general ‘crystal ball’ of overall market movements. Individual stocks often do not move in the same direction or the same magnitude as an index. To know what stocks to buy or what to sell you must do your own study and research. Please read the disclaimer below.
The Australian All Ordinaries Index is in week 8 of its 22-week Primary Cycle. I wrote in my last 2 reports that I expected October 9 to be a reversal date also that there is resistance at 6711. That is still my bias that the market turns down tomorrow (Tuesday). This could be a typical decline into a half Primary Cycle trough (week 10-13).
I expect the market to turn down for at least a short term decline to 6235 points over the next week or so. If it retraces more than 602 points then prepare from a much longer decline to follow. If it continues to rise just hang on for the ride!!
Resistance levels for the XAO this week are 6711, 6819 and 7036 support is at 6545, 6469, 6394, 6235, and 6093 and ... the next reversal dates are October 9, 12 and 22.
Next report out on Monday, October 15. If for some reason you miss my weekly report you can read them on my blog http://davidschirmerxao.blogspot.com/
UPCOMING SEMINARS: *ALERT* *ALERT* *ALERT*
Mastering The Stock Market – The Basics seminar is coming to Brisbane, Sydney and Melbourne. I haven’t run this seminar for ages and people have been constantly asking for it. If you haven’t been to one, or have a friend or associate who would like to know the basics of making money with the stock market then here is your opportunity.
One of our very experienced Platinum Super Traders, Paddy Weiner will be conducting it and you will learn heaps. I normally change $165 for this event and people always say that’s far too cheap for the information they receive … this is a once only event and a special offer to come along and get all the information for just $49.50! Either give our office a call to book in or register directly online:
Sydney - Wednesday, 17th October 2007 - CLICK HERE
(or copy and paste this URL into your browser http://tinyurl.com/2g8yw6 )
Melbourne – Wednesday, 24th October 2007 - CLICK HERE
(or copy and paste this URL into your browser http://tinyurl.com/yr88ba )
Brisbane – Thursday, 25th October 2007 - CLICK HERE
(or copy and paste this URL into your browser http://tinyurl.com/2ccdce )
Yours in abundance,
David Schirmer
P.S. Check out http://davidschirmer.blogspot.com/ for insights to my Secret Journey.
Terminology
CAC The CAC 40 index is the main benchmark for Euronext Paris (France).
DAX DAX 30 is a Blue Chip stock market index consisting of the 30 major German companies trading on the Frankfurt Stock Exchange.
DOW The Dow Jones Industrial Average (The Dow) is the main stock market index for the New York Stock Exchange (USA).
FTSE The FTSE 100 Index (or just the FTSE, pronounced footsie) is a share index of the 100 most highly capitalised companies listed on the London Stock Exchange. FTSE is an abbreviation of 'Financial Times Stock Exchange'.
Nikkei Nikkei 225 is a stock market index for the Tokyo Stock Exchange (Japan).
S&P The S&P 500 is an index containing the stocks of 500 Large-Cap corporations, most of which are American, from both the NYSE and NASDAQ Stock Exchanges (USA).
XAO The All Ordinaries (colloquially, the "All Ords"; also known as the All Ordinaries Index, AOI) is the main index of shares for the Australian Stock Exchange.
Disclaimer
The training and education services provided by Wealth By Choice Pty Ltd (ACN 112 230 958) involve the supply of factual information about securities and commodity markets only. It should not be assumed that the methods, techniques or indicators presented will be profitable or that they will not result in losses. Past results are not necessarily indicative of future results. The training and education services do not involve any recommendations in relation to your personal financial circumstances or investment needs and does not provide any investment advice. Examples presented are for educational purposes only. Any stock, option, warrant, CFD or futures contract mentioned are not a recommendation to buy, sell or hold but merely a study of past performance.
Before making any investment or trading decisions you should obtain advice from a licensed securities or financial advisor and consider with or without the assistance of a securities or financial advisor, whether the advice is appropriate in light of the particular investment or trading needs, objectives and financial circumstances of the prospective investor or trader. Wealth By Choice Pty Ltd and its representatives and officers will not accept liability for any loss, damage or expense incurred or suffered by you if you rely on any information provided in making investment decisions. By attending any Wealth By Choice Pty Ltd or associated companies events or reading or viewing any Wealth By Choice Pty Ltd or associated material, you are implicitly agreeing to the conditions set out above.
Trading Edge is a registered trademark and is used under license by Wealth By Choice Pty Ltd.
© 2007 Wealth By Choice Pty Ltd, all rights reserved.
The Australian All Ordinaries Index is in week 8 of its 22-week Primary Cycle. I wrote in my last 2 reports that I expected October 9 to be a reversal date also that there is resistance at 6711. That is still my bias that the market turns down tomorrow (Tuesday). This could be a typical decline into a half Primary Cycle trough (week 10-13).
I expect the market to turn down for at least a short term decline to 6235 points over the next week or so. If it retraces more than 602 points then prepare from a much longer decline to follow. If it continues to rise just hang on for the ride!!
Resistance levels for the XAO this week are 6711, 6819 and 7036 support is at 6545, 6469, 6394, 6235, and 6093 and ... the next reversal dates are October 9, 12 and 22.
Next report out on Monday, October 15. If for some reason you miss my weekly report you can read them on my blog http://davidschirmerxao.blogspot.com/
UPCOMING SEMINARS: *ALERT* *ALERT* *ALERT*
Mastering The Stock Market – The Basics seminar is coming to Brisbane, Sydney and Melbourne. I haven’t run this seminar for ages and people have been constantly asking for it. If you haven’t been to one, or have a friend or associate who would like to know the basics of making money with the stock market then here is your opportunity.
One of our very experienced Platinum Super Traders, Paddy Weiner will be conducting it and you will learn heaps. I normally change $165 for this event and people always say that’s far too cheap for the information they receive … this is a once only event and a special offer to come along and get all the information for just $49.50! Either give our office a call to book in or register directly online:
Sydney - Wednesday, 17th October 2007 - CLICK HERE
(or copy and paste this URL into your browser http://tinyurl.com/2g8yw6 )
Melbourne – Wednesday, 24th October 2007 - CLICK HERE
(or copy and paste this URL into your browser http://tinyurl.com/yr88ba )
Brisbane – Thursday, 25th October 2007 - CLICK HERE
(or copy and paste this URL into your browser http://tinyurl.com/2ccdce )
Yours in abundance,
David Schirmer
P.S. Check out http://davidschirmer.blogspot.com/ for insights to my Secret Journey.
Terminology
CAC The CAC 40 index is the main benchmark for Euronext Paris (France).
DAX DAX 30 is a Blue Chip stock market index consisting of the 30 major German companies trading on the Frankfurt Stock Exchange.
DOW The Dow Jones Industrial Average (The Dow) is the main stock market index for the New York Stock Exchange (USA).
FTSE The FTSE 100 Index (or just the FTSE, pronounced footsie) is a share index of the 100 most highly capitalised companies listed on the London Stock Exchange. FTSE is an abbreviation of 'Financial Times Stock Exchange'.
Nikkei Nikkei 225 is a stock market index for the Tokyo Stock Exchange (Japan).
S&P The S&P 500 is an index containing the stocks of 500 Large-Cap corporations, most of which are American, from both the NYSE and NASDAQ Stock Exchanges (USA).
XAO The All Ordinaries (colloquially, the "All Ords"; also known as the All Ordinaries Index, AOI) is the main index of shares for the Australian Stock Exchange.
Disclaimer
The training and education services provided by Wealth By Choice Pty Ltd (ACN 112 230 958) involve the supply of factual information about securities and commodity markets only. It should not be assumed that the methods, techniques or indicators presented will be profitable or that they will not result in losses. Past results are not necessarily indicative of future results. The training and education services do not involve any recommendations in relation to your personal financial circumstances or investment needs and does not provide any investment advice. Examples presented are for educational purposes only. Any stock, option, warrant, CFD or futures contract mentioned are not a recommendation to buy, sell or hold but merely a study of past performance.
Before making any investment or trading decisions you should obtain advice from a licensed securities or financial advisor and consider with or without the assistance of a securities or financial advisor, whether the advice is appropriate in light of the particular investment or trading needs, objectives and financial circumstances of the prospective investor or trader. Wealth By Choice Pty Ltd and its representatives and officers will not accept liability for any loss, damage or expense incurred or suffered by you if you rely on any information provided in making investment decisions. By attending any Wealth By Choice Pty Ltd or associated companies events or reading or viewing any Wealth By Choice Pty Ltd or associated material, you are implicitly agreeing to the conditions set out above.
Trading Edge is a registered trademark and is used under license by Wealth By Choice Pty Ltd.
© 2007 Wealth By Choice Pty Ltd, all rights reserved.
David Schirmer's Stock Market Indices Report - October 1, 2007
Welcome to my Stock Market Indices Report. As we now have subscribers from all parts of the world I thought I would add other markets rather than just the Australian stock market. This report is in no way indicative of what individual stocks will do but rather a general ‘crystal ball’ of overall market movements. Individual stocks often do not move in the same direction or the same magnitude as an index. To know what stocks to buy or what to sell you must do your own study and research. Please read the disclaimer below.
Last week the Australian All Ordinaries Index broke convincingly through its all time high of 6469 from July 13, 2007, on Friday (September 28) it made a high of 6601 … right on the resistance level I mentioned last week (I wrote Resistance levels for the XAO this week are 6469 and 6602.)
The Australian All Ordinaries Index is in week 7 of its 22-week Primary Cycle which started on August 16. If this is to be a bear cycle then it has to make its high on or before November 1, 2007 and start heading south again. As I wrote last week, if it is to continue its previous bull campaign then it would need to rise beyond early November without taking out the August 2007 low. As the long term 18-year cycle low is due my bias is still that this cycle at best would have a final burst up before continuing its decline.
The only other major index that has risen above its July high is the Hang Seng (HIS) … and it has gone berserk … 40% or 7779 points rise in 6 weeks!! If you want to see euphoria then check out the HSI chart below. Notice that the rise from 1987 to 2003 was largely between 1x1 (scale = 10 points x 1 day) and 2x1(20 point x 1 day). Since 2003 the HIS has been rising 80 points per day on average … and in the last 2 months it has risen 190 points per day! Other major world indices have not been as strong, none have taken out their July 2007 highs yet.
Hang Seng Index
The S&P is still faulting at a double top which is very concerning for the US markets.
Resistance levels for the XAO this week are 6711, 6819 and 7036 support is at 6476, 6335, 6194, and 6054 and ... the next reversal date is October 9.
Next report out on Monday, October 8. If for some reason you miss my weekly report you can read them on my blog http://davidschirmerxao.blogspot.com/
UPCOMING SEMINARS: *ALERT* *ALERT* *ALERT*
Mastering The Stock Market – The Basics seminar is coming to Brisbane, Sydney and Melbourne. I haven’t run this seminar for ages and people have been constantly asking for it. If you haven’t been to one, or have a friend or associate who would like to know the basics of making money with the stock market then here is your opportunity.
One of our very experienced Platinum Super Traders, Paddy Weiner will be conducting it and you will learn heaps. I normally change $165 for this event and people always say that’s far too cheap for the information they receive … this is a once only event and a special offer to come along and get all the information for just $49.50! Either give our office a call to book in or register directly online:
Sydney - Wednesday, 17th October 2007 - CLICK HERE
(or copy and paste this URL into your browser http://tinyurl.com/2g8yw6 )
Melbourne – Wednesday, 24th October 2007 - CLICK HERE
(or copy and paste this URL into your browser http://tinyurl.com/yr88ba )
Brisbane – Thursday, 25th October 2007 - CLICK HERE
(or copy and paste this URL into your browser http://tinyurl.com/2ccdce )
Yours in abundance,
David Schirmer
P.S. Check out http://davidschirmer.blogspot.com/ for insights to my Secret Journey.
Terminology
CAC The CAC 40 index is the main benchmark for Euronext Paris (France).
DAX DAX 30 is a Blue Chip stock market index consisting of the 30 major German companies trading on the Frankfurt Stock Exchange.
DOW The Dow Jones Industrial Average (The Dow) is the main stock market index for the New York Stock Exchange (USA).
FTSE The FTSE 100 Index (or just the FTSE, pronounced footsie) is a share index of the 100 most highly capitalised companies listed on the London Stock Exchange. FTSE is an abbreviation of 'Financial Times Stock Exchange'.
Nikkei Nikkei 225 is a stock market index for the Tokyo Stock Exchange (Japan).
S&P The S&P 500 is an index containing the stocks of 500 Large-Cap corporations, most of which are American, from both the NYSE and NASDAQ Stock Exchanges (USA).
XAO The All Ordinaries (colloquially, the "All Ords"; also known as the All Ordinaries Index, AOI) is the main index of shares for the Australian Stock Exchange.
Disclaimer
The training and education services provided by Wealth By Choice Pty Ltd (ACN 112 230 958) involve the supply of factual information about securities and commodity markets only. It should not be assumed that the methods, techniques or indicators presented will be profitable or that they will not result in losses. Past results are not necessarily indicative of future results. The training and education services do not involve any recommendations in relation to your personal financial circumstances or investment needs and does not provide any investment advice. Examples presented are for educational purposes only. Any stock, option, warrant, CFD or futures contract mentioned are not a recommendation to buy, sell or hold but merely a study of past performance.
Before making any investment or trading decisions you should obtain advice from a licensed securities or financial advisor and consider with or without the assistance of a securities or financial advisor, whether the advice is appropriate in light of the particular investment or trading needs, objectives and financial circumstances of the prospective investor or trader. Wealth By Choice Pty Ltd and its representatives and officers will not accept liability for any loss, damage or expense incurred or suffered by you if you rely on any information provided in making investment decisions. By attending any Wealth By Choice Pty Ltd or associated companies events or reading or viewing any Wealth By Choice Pty Ltd or associated material, you are implicitly agreeing to the conditions set out above.
Trading Edge is a registered trademark and is used under license by Wealth By Choice Pty Ltd.
© 2007 Wealth By Choice Pty Ltd, all rights reserved.
Last week the Australian All Ordinaries Index broke convincingly through its all time high of 6469 from July 13, 2007, on Friday (September 28) it made a high of 6601 … right on the resistance level I mentioned last week (I wrote Resistance levels for the XAO this week are 6469 and 6602.)
The Australian All Ordinaries Index is in week 7 of its 22-week Primary Cycle which started on August 16. If this is to be a bear cycle then it has to make its high on or before November 1, 2007 and start heading south again. As I wrote last week, if it is to continue its previous bull campaign then it would need to rise beyond early November without taking out the August 2007 low. As the long term 18-year cycle low is due my bias is still that this cycle at best would have a final burst up before continuing its decline.
The only other major index that has risen above its July high is the Hang Seng (HIS) … and it has gone berserk … 40% or 7779 points rise in 6 weeks!! If you want to see euphoria then check out the HSI chart below. Notice that the rise from 1987 to 2003 was largely between 1x1 (scale = 10 points x 1 day) and 2x1(20 point x 1 day). Since 2003 the HIS has been rising 80 points per day on average … and in the last 2 months it has risen 190 points per day! Other major world indices have not been as strong, none have taken out their July 2007 highs yet.
Hang Seng Index
The S&P is still faulting at a double top which is very concerning for the US markets.
Resistance levels for the XAO this week are 6711, 6819 and 7036 support is at 6476, 6335, 6194, and 6054 and ... the next reversal date is October 9.
Next report out on Monday, October 8. If for some reason you miss my weekly report you can read them on my blog http://davidschirmerxao.blogspot.com/
UPCOMING SEMINARS: *ALERT* *ALERT* *ALERT*
Mastering The Stock Market – The Basics seminar is coming to Brisbane, Sydney and Melbourne. I haven’t run this seminar for ages and people have been constantly asking for it. If you haven’t been to one, or have a friend or associate who would like to know the basics of making money with the stock market then here is your opportunity.
One of our very experienced Platinum Super Traders, Paddy Weiner will be conducting it and you will learn heaps. I normally change $165 for this event and people always say that’s far too cheap for the information they receive … this is a once only event and a special offer to come along and get all the information for just $49.50! Either give our office a call to book in or register directly online:
Sydney - Wednesday, 17th October 2007 - CLICK HERE
(or copy and paste this URL into your browser http://tinyurl.com/2g8yw6 )
Melbourne – Wednesday, 24th October 2007 - CLICK HERE
(or copy and paste this URL into your browser http://tinyurl.com/yr88ba )
Brisbane – Thursday, 25th October 2007 - CLICK HERE
(or copy and paste this URL into your browser http://tinyurl.com/2ccdce )
Yours in abundance,
David Schirmer
P.S. Check out http://davidschirmer.blogspot.com/ for insights to my Secret Journey.
Terminology
CAC The CAC 40 index is the main benchmark for Euronext Paris (France).
DAX DAX 30 is a Blue Chip stock market index consisting of the 30 major German companies trading on the Frankfurt Stock Exchange.
DOW The Dow Jones Industrial Average (The Dow) is the main stock market index for the New York Stock Exchange (USA).
FTSE The FTSE 100 Index (or just the FTSE, pronounced footsie) is a share index of the 100 most highly capitalised companies listed on the London Stock Exchange. FTSE is an abbreviation of 'Financial Times Stock Exchange'.
Nikkei Nikkei 225 is a stock market index for the Tokyo Stock Exchange (Japan).
S&P The S&P 500 is an index containing the stocks of 500 Large-Cap corporations, most of which are American, from both the NYSE and NASDAQ Stock Exchanges (USA).
XAO The All Ordinaries (colloquially, the "All Ords"; also known as the All Ordinaries Index, AOI) is the main index of shares for the Australian Stock Exchange.
Disclaimer
The training and education services provided by Wealth By Choice Pty Ltd (ACN 112 230 958) involve the supply of factual information about securities and commodity markets only. It should not be assumed that the methods, techniques or indicators presented will be profitable or that they will not result in losses. Past results are not necessarily indicative of future results. The training and education services do not involve any recommendations in relation to your personal financial circumstances or investment needs and does not provide any investment advice. Examples presented are for educational purposes only. Any stock, option, warrant, CFD or futures contract mentioned are not a recommendation to buy, sell or hold but merely a study of past performance.
Before making any investment or trading decisions you should obtain advice from a licensed securities or financial advisor and consider with or without the assistance of a securities or financial advisor, whether the advice is appropriate in light of the particular investment or trading needs, objectives and financial circumstances of the prospective investor or trader. Wealth By Choice Pty Ltd and its representatives and officers will not accept liability for any loss, damage or expense incurred or suffered by you if you rely on any information provided in making investment decisions. By attending any Wealth By Choice Pty Ltd or associated companies events or reading or viewing any Wealth By Choice Pty Ltd or associated material, you are implicitly agreeing to the conditions set out above.
Trading Edge is a registered trademark and is used under license by Wealth By Choice Pty Ltd.
© 2007 Wealth By Choice Pty Ltd, all rights reserved.
David Schirmer’s Stock Market Indices Report - Septebmer 24
Welcome to my Stock Market Indices Report. As we now have subscribers from all parts of the world I thought I would add other markets rather than just the Australian stock market. This report is in no way indicative of what individual stocks will do but rather a general ‘crystal ball’ of overall market movements. Individual stocks often do not move in the same direction or the same magnitude as an index. To know what stocks to buy or what to sell you must do your own study and research. Please read the disclaimer below.
Last weekend I attended Tony Robbins Unleash The Power Within (UPW) seminar in Sydney … after jumping around and yelling for four days and getting home late Monday night this report had no chance of getting done. If you have never experienced a Tony Robbins’s seminar then do yourself a favour … get along to one, it could change your life! This was my eighth time since 1995.
Better get back to the stock report! Two weeks ago I mentioned that the reversal dates for the Australian All Ordinaries Index were September 10 and 17 … the market made lows and turned on September 10 and 18. The index hasn’t shown the signs of weakness as I expected, however it still hasn’t broken through the all time high of 6469.
What will happen this week?
The Australian All Ordinaries Index is in week 6 of its 22-week Primary Cycle which started on August 16. If this is to be a bear cycle then it has to make its high on or before November 1, 2007 and start heading south again. If it is to continue its previous bull campaign then it would need to rise beyond early November without taking out the August 2007 low. As the long term 18-year cycle low is due my bias is still that this cycle at best would have a final burst up before continuing its decline.
Other world indices have not been as strong, further strengthening my bias of a continued decline.
Resistance levels for the XAO this week are 6469 and 6602, support is at 6346, 6224, and 6203 and ... Reversal dates are November 24 and October 9.
Next report out on Monday, October 1. If for some reason you miss my weekly report you can read them on my blog http://davidschirmerxao.blogspot.com/
UPCOMING SEMINARS: 2½-day Professional Traders Workshop … learn how to leverage successfully, trade CFD’s and short the market to make money from these declines! November 22-24, 2007. Call Paddy on 0413-844-321.
Yours in abundance,
David Schirmer
P.S. A new Secret product is about to be launched – “How To Apply The Secret Step-By-Step”. We are pre-launching only to our Market Index readers and Secret Affiliates. Click here or copy and paste into your browser: http://www.thesecret.com.au/howtoapply.html
Check out http://davidschirmer.blogspot.com/ for insights to my Secret Journey.
Terminology
CAC The CAC 40 index is the main benchmark for Euronext Paris (France).
DAX DAX 30 is a Blue Chip stock market index consisting of the 30 major German companies trading on the Frankfurt Stock Exchange.
DOW The Dow Jones Industrial Average (The Dow) is the main stock market index for the New York Stock Exchange (USA).
FTSE The FTSE 100 Index (or just the FTSE, pronounced footsie) is a share index of the 100 most highly capitalised companies listed on the London Stock Exchange. FTSE is an abbreviation of 'Financial Times Stock Exchange'.
Nikkei Nikkei 225 is a stock market index for the Tokyo Stock Exchange (Japan).
S&P The S&P 500 is an index containing the stocks of 500 Large-Cap corporations, most of which are American, from both the NYSE and NASDAQ Stock Exchanges (USA).
XAO The All Ordinaries (colloquially, the "All Ords"; also known as the All Ordinaries Index, AOI) is the main index of shares for the Australian Stock Exchange.
Disclaimer
The training and education services provided by Wealth By Choice Pty Ltd (ACN 112 230 958) involve the supply of factual information about securities and commodity markets only. It should not be assumed that the methods, techniques or indicators presented will be profitable or that they will not result in losses. Past results are not necessarily indicative of future results. The training and education services do not involve any recommendations in relation to your personal financial circumstances or investment needs and does not provide any investment advice. Examples presented are for educational purposes only. Any stock, option, warrant, CFD or futures contract mentioned are not a recommendation to buy, sell or hold but merely a study of past performance.
Before making any investment or trading decisions you should obtain advice from a licensed securities or financial advisor and consider with or without the assistance of a securities or financial advisor, whether the advice is appropriate in light of the particular investment or trading needs, objectives and financial circumstances of the prospective investor or trader. Wealth By Choice Pty Ltd and its representatives and officers will not accept liability for any loss, damage or expense incurred or suffered by you if you rely on any information provided in making investment decisions. By attending any Wealth By Choice Pty Ltd or associated companies events or reading or viewing any Wealth By Choice Pty Ltd or associated material, you are implicitly agreeing to the conditions set out above.
Trading Edge is a registered trademark and is used under license by Wealth By Choice Pty Ltd.
© 2007 Wealth By Choice Pty Ltd, all rights reserved.
Last weekend I attended Tony Robbins Unleash The Power Within (UPW) seminar in Sydney … after jumping around and yelling for four days and getting home late Monday night this report had no chance of getting done. If you have never experienced a Tony Robbins’s seminar then do yourself a favour … get along to one, it could change your life! This was my eighth time since 1995.
Better get back to the stock report! Two weeks ago I mentioned that the reversal dates for the Australian All Ordinaries Index were September 10 and 17 … the market made lows and turned on September 10 and 18. The index hasn’t shown the signs of weakness as I expected, however it still hasn’t broken through the all time high of 6469.
What will happen this week?
The Australian All Ordinaries Index is in week 6 of its 22-week Primary Cycle which started on August 16. If this is to be a bear cycle then it has to make its high on or before November 1, 2007 and start heading south again. If it is to continue its previous bull campaign then it would need to rise beyond early November without taking out the August 2007 low. As the long term 18-year cycle low is due my bias is still that this cycle at best would have a final burst up before continuing its decline.
Other world indices have not been as strong, further strengthening my bias of a continued decline.
Resistance levels for the XAO this week are 6469 and 6602, support is at 6346, 6224, and 6203 and ... Reversal dates are November 24 and October 9.
Next report out on Monday, October 1. If for some reason you miss my weekly report you can read them on my blog http://davidschirmerxao.blogspot.com/
UPCOMING SEMINARS: 2½-day Professional Traders Workshop … learn how to leverage successfully, trade CFD’s and short the market to make money from these declines! November 22-24, 2007. Call Paddy on 0413-844-321.
Yours in abundance,
David Schirmer
P.S. A new Secret product is about to be launched – “How To Apply The Secret Step-By-Step”. We are pre-launching only to our Market Index readers and Secret Affiliates. Click here or copy and paste into your browser: http://www.thesecret.com.au/howtoapply.html
Check out http://davidschirmer.blogspot.com/ for insights to my Secret Journey.
Terminology
CAC The CAC 40 index is the main benchmark for Euronext Paris (France).
DAX DAX 30 is a Blue Chip stock market index consisting of the 30 major German companies trading on the Frankfurt Stock Exchange.
DOW The Dow Jones Industrial Average (The Dow) is the main stock market index for the New York Stock Exchange (USA).
FTSE The FTSE 100 Index (or just the FTSE, pronounced footsie) is a share index of the 100 most highly capitalised companies listed on the London Stock Exchange. FTSE is an abbreviation of 'Financial Times Stock Exchange'.
Nikkei Nikkei 225 is a stock market index for the Tokyo Stock Exchange (Japan).
S&P The S&P 500 is an index containing the stocks of 500 Large-Cap corporations, most of which are American, from both the NYSE and NASDAQ Stock Exchanges (USA).
XAO The All Ordinaries (colloquially, the "All Ords"; also known as the All Ordinaries Index, AOI) is the main index of shares for the Australian Stock Exchange.
Disclaimer
The training and education services provided by Wealth By Choice Pty Ltd (ACN 112 230 958) involve the supply of factual information about securities and commodity markets only. It should not be assumed that the methods, techniques or indicators presented will be profitable or that they will not result in losses. Past results are not necessarily indicative of future results. The training and education services do not involve any recommendations in relation to your personal financial circumstances or investment needs and does not provide any investment advice. Examples presented are for educational purposes only. Any stock, option, warrant, CFD or futures contract mentioned are not a recommendation to buy, sell or hold but merely a study of past performance.
Before making any investment or trading decisions you should obtain advice from a licensed securities or financial advisor and consider with or without the assistance of a securities or financial advisor, whether the advice is appropriate in light of the particular investment or trading needs, objectives and financial circumstances of the prospective investor or trader. Wealth By Choice Pty Ltd and its representatives and officers will not accept liability for any loss, damage or expense incurred or suffered by you if you rely on any information provided in making investment decisions. By attending any Wealth By Choice Pty Ltd or associated companies events or reading or viewing any Wealth By Choice Pty Ltd or associated material, you are implicitly agreeing to the conditions set out above.
Trading Edge is a registered trademark and is used under license by Wealth By Choice Pty Ltd.
© 2007 Wealth By Choice Pty Ltd, all rights reserved.
David Schirmer’s Stock Market Indices Report - September 10, 2007
Welcome to my Stock Market Indices Report. As we now have subscribers from all parts of the world I thought I would add other markets rather than just the Australian stock market. This report is in no way indicative of what individual stocks will do but rather a general ‘crystal ball’ of overall market movements. Individual stocks often do not move in the same direction or the same magnitude as an index. To know what stocks to buy or what to sell you must do your own study and research. Please read the disclaimer below.
Last week I mentioned that “Markets around the world all have a key period September 4-7 … for the Australian All Ordinaries Index and most indices that should mean a cycle high Tuesday September 4, for many other markets especially currencies it will mean either a cycle primary trough or peak around September 6. In other words, which ever way the particular market is trading into this time period it should turn and head the other direction, for many markets, they will continue their long term trend.” This has again proven extremely accurate ... Here is some of what happened last week:
DAX high Sept 4 7,725
DOW high Sept 4 13,494
FTSE high Sept 5 6,391
NASDAQ high Sept 4 2,644
S&P high Sept 4 1,496
XAO high Sept 5 6,359
EUR/USD low Sept 4 1.3548
GBP/USD low Sept 5 2.0039
My bias is that the Australian All Ordinaries Index should continue to show signs of weakness with a lower swing tops and bottoms on its decline down into longer term cycle lows. The only thing that would change my view is if the XAO takes out the all time high. The other indices mentioned above are all showing similar signs.
Resistance levels for the XAO this week are 6359 and 6469, support is at 6142, 6033, and 5925 and ... Reversal dates as mentioned last week are September 10 and 17.
Next report out on Monday, September 17. If for some reason you miss my weekly report you can read them on my blog http://davidschirmerxao.blogspot.com/
UPCOMING SEMINARS: 2-day Born Rich … a MUST attend for every single person … teaches exactly how The Law of Attraction Works and how to use in every part of your life (including money!) September 22-23, 2007 http://www.youwerebornrich.com.au/
2½-day Professional Traders Workshop … learn how to leverage successfully, trade CFD’s and short the market to make money from these declines! November 22-24, 2007. Call Paddy on 0413-844-321.
Yours in abundance,
David Schirmer
P.S. A new Secret product is about to be launched – “How To Apply The Secret Step-By-Step”. We are pre-launching only to our Market Index readers and Secret Affiliates. Click here or copy and paste into your browser: http://www.thesecret.com.au/howtoapply.html
Check out http://davidschirmer.blogspot.com/ for insights to my Secret Journey.
Terminology
CAC - The CAC 40 index is the main benchmark for Euronext Paris (France).
DAX - DAX 30 is a Blue Chip stock market index consisting of the 30 major German companies trading on the Frankfurt Stock Exchange.
DOW - The Dow Jones Industrial Average (The Dow) is the main stock market index for the New York Stock Exchange (USA).
FTSE - The FTSE 100 Index (or just the FTSE, pronounced footsie) is a share index of the 100 most highly capitalised companies listed on the London Stock Exchange. FTSE is an abbreviation of 'Financial Times Stock Exchange'.
Nikkei - Nikkei 225 is a stock market index for the Tokyo Stock Exchange (Japan).
S&P - The S&P 500 is an index containing the stocks of 500 Large-Cap corporations, most of which are American, from both the NYSE and NASDAQ Stock Exchanges (USA).
XAO - The All Ordinaries (colloquially, the "All Ords"; also known as the All Ordinaries Index, AOI) is the main index of shares for the Australian Stock Exchange.
Disclaimer
The training and education services provided by Wealth By Choice Pty Ltd (ACN 112 230 958) involve the supply of factual information about securities and commodity markets only. It should not be assumed that the methods, techniques or indicators presented will be profitable or that they will not result in losses. Past results are not necessarily indicative of future results. The training and education services do not involve any recommendations in relation to your personal financial circumstances or investment needs and does not provide any investment advice. Examples presented are for educational purposes only. Any stock, option, warrant, CFD or futures contract mentioned are not a recommendation to buy, sell or hold but merely a study of past performance.
Before making any investment or trading decisions you should obtain advice from a licensed securities or financial advisor and consider with or without the assistance of a securities or financial advisor, whether the advice is appropriate in light of the particular investment or trading needs, objectives and financial circumstances of the prospective investor or trader. Wealth By Choice Pty Ltd and its representatives and officers will not accept liability for any loss, damage or expense incurred or suffered by you if you rely on any information provided in making investment decisions. By attending any Wealth By Choice Pty Ltd or associated companies events or reading or viewing any Wealth By Choice Pty Ltd or associated material, you are implicitly agreeing to the conditions set out above.
Trading Edge is a registered trademark and is used under license by Wealth By Choice Pty Ltd.
© 2007 Wealth By Choice Pty Ltd, all rights reserved.
Last week I mentioned that “Markets around the world all have a key period September 4-7 … for the Australian All Ordinaries Index and most indices that should mean a cycle high Tuesday September 4, for many other markets especially currencies it will mean either a cycle primary trough or peak around September 6. In other words, which ever way the particular market is trading into this time period it should turn and head the other direction, for many markets, they will continue their long term trend.” This has again proven extremely accurate ... Here is some of what happened last week:
DAX high Sept 4 7,725
DOW high Sept 4 13,494
FTSE high Sept 5 6,391
NASDAQ high Sept 4 2,644
S&P high Sept 4 1,496
XAO high Sept 5 6,359
EUR/USD low Sept 4 1.3548
GBP/USD low Sept 5 2.0039
My bias is that the Australian All Ordinaries Index should continue to show signs of weakness with a lower swing tops and bottoms on its decline down into longer term cycle lows. The only thing that would change my view is if the XAO takes out the all time high. The other indices mentioned above are all showing similar signs.
Resistance levels for the XAO this week are 6359 and 6469, support is at 6142, 6033, and 5925 and ... Reversal dates as mentioned last week are September 10 and 17.
Next report out on Monday, September 17. If for some reason you miss my weekly report you can read them on my blog http://davidschirmerxao.blogspot.com/
UPCOMING SEMINARS: 2-day Born Rich … a MUST attend for every single person … teaches exactly how The Law of Attraction Works and how to use in every part of your life (including money!) September 22-23, 2007 http://www.youwerebornrich.com.au/
2½-day Professional Traders Workshop … learn how to leverage successfully, trade CFD’s and short the market to make money from these declines! November 22-24, 2007. Call Paddy on 0413-844-321.
Yours in abundance,
David Schirmer
P.S. A new Secret product is about to be launched – “How To Apply The Secret Step-By-Step”. We are pre-launching only to our Market Index readers and Secret Affiliates. Click here or copy and paste into your browser: http://www.thesecret.com.au/howtoapply.html
Check out http://davidschirmer.blogspot.com/ for insights to my Secret Journey.
Terminology
CAC - The CAC 40 index is the main benchmark for Euronext Paris (France).
DAX - DAX 30 is a Blue Chip stock market index consisting of the 30 major German companies trading on the Frankfurt Stock Exchange.
DOW - The Dow Jones Industrial Average (The Dow) is the main stock market index for the New York Stock Exchange (USA).
FTSE - The FTSE 100 Index (or just the FTSE, pronounced footsie) is a share index of the 100 most highly capitalised companies listed on the London Stock Exchange. FTSE is an abbreviation of 'Financial Times Stock Exchange'.
Nikkei - Nikkei 225 is a stock market index for the Tokyo Stock Exchange (Japan).
S&P - The S&P 500 is an index containing the stocks of 500 Large-Cap corporations, most of which are American, from both the NYSE and NASDAQ Stock Exchanges (USA).
XAO - The All Ordinaries (colloquially, the "All Ords"; also known as the All Ordinaries Index, AOI) is the main index of shares for the Australian Stock Exchange.
Disclaimer
The training and education services provided by Wealth By Choice Pty Ltd (ACN 112 230 958) involve the supply of factual information about securities and commodity markets only. It should not be assumed that the methods, techniques or indicators presented will be profitable or that they will not result in losses. Past results are not necessarily indicative of future results. The training and education services do not involve any recommendations in relation to your personal financial circumstances or investment needs and does not provide any investment advice. Examples presented are for educational purposes only. Any stock, option, warrant, CFD or futures contract mentioned are not a recommendation to buy, sell or hold but merely a study of past performance.
Before making any investment or trading decisions you should obtain advice from a licensed securities or financial advisor and consider with or without the assistance of a securities or financial advisor, whether the advice is appropriate in light of the particular investment or trading needs, objectives and financial circumstances of the prospective investor or trader. Wealth By Choice Pty Ltd and its representatives and officers will not accept liability for any loss, damage or expense incurred or suffered by you if you rely on any information provided in making investment decisions. By attending any Wealth By Choice Pty Ltd or associated companies events or reading or viewing any Wealth By Choice Pty Ltd or associated material, you are implicitly agreeing to the conditions set out above.
Trading Edge is a registered trademark and is used under license by Wealth By Choice Pty Ltd.
© 2007 Wealth By Choice Pty Ltd, all rights reserved.
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