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 21 of its 22-week Primary Cycle. I wrote in my last report that “A critical support level is 6182 points, which is 50% of the rise August 16, 2007 low (5490 points) to the November 1, 2007 high (6873 points). If the market bounces off 6182 it will mean one last push up before a much larger decline.” It bounced off that nicely and recovered a couple of hundred points to last weeks peak of 6462.
This level of 6462 is a 50% of the decline from the peak of 11/12/07 to the trough on 18/12/07 and also around the previous cycle peak which gives more weight to further declines. We are in the orb period for the primary cycle low to occur so this may be the last decline before the start of the next primary cycle. Again watch for support at 6182 and if the support fails we would expect the fall to continue down to around 6009.
There are no significant turning dates during the week and the next date for any significance is this coming weekend.
The weakness that is being displayed in our market at the moment is common amongst the world indices, which strengthens my bias to this being the start of 18-year cycle decline. This decline I expect will last for a minimum of 18 months and 2147 points.
Support levels for the XAO this week are 6242, 6182, 6009, 5836, 5664 and 5491 Points where the All Ordinaries could experience resistance advancing higher are at 6469, 6798, 6873 and 6964.
Things you should know!!!!
Youth Destiny Camp is NEXT WEEK … if you have a teenage son, daughter, grandson, granddaughter, nephew or niece then get them along … it will change their destiny in amazing ways.
Go to http://www.youthdestiny.com/
If you aren’t getting the Succeed Magazine every month with valuable psychology lessons for trading, investing, business and how to create multiple sources of income then you’re nuts! The current issue has a great article from Shelley Taylor-Smith (7-time World No.1 Women’s Marathon Swimmer) called “Get Up – Get Over It – Get On With It!” If you have ever had a rough time in life then you need this!!!
Click here now to get a FREE book and DVD
and to subscribe Succeed Magazine website (http://tinyurl.com/3ahsds)
Yours in abundance,
David Schirmer
P.S. Check out http://davidschirmer.blogspot.com/ for insights to my Secret Journey.
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 21 of its 22-week Primary Cycle. I wrote in my last report that “A critical support level is 6182 points, which is 50% of the rise August 16, 2007 low (5490 points) to the November 1, 2007 high (6873 points). If the market bounces off 6182 it will mean one last push up before a much larger decline.” It bounced off that nicely and recovered a couple of hundred points to last weeks peak of 6462.
This level of 6462 is a 50% of the decline from the peak of 11/12/07 to the trough on 18/12/07 and also around the previous cycle peak which gives more weight to further declines. We are in the orb period for the primary cycle low to occur so this may be the last decline before the start of the next primary cycle. Again watch for support at 6182 and if the support fails we would expect the fall to continue down to around 6009.
There are no significant turning dates during the week and the next date for any significance is this coming weekend.
The weakness that is being displayed in our market at the moment is common amongst the world indices, which strengthens my bias to this being the start of 18-year cycle decline. This decline I expect will last for a minimum of 18 months and 2147 points.
Support levels for the XAO this week are 6242, 6182, 6009, 5836, 5664 and 5491 Points where the All Ordinaries could experience resistance advancing higher are at 6469, 6798, 6873 and 6964.
Things you should know!!!!
Youth Destiny Camp is NEXT WEEK … if you have a teenage son, daughter, grandson, granddaughter, nephew or niece then get them along … it will change their destiny in amazing ways.Go to http://www.youthdestiny.com/
If you aren’t getting the Succeed Magazine every month with valuable psychology lessons for trading, investing, business and how to create multiple sources of income then you’re nuts! The current issue has a great article from Shelley Taylor-Smith (7-time World No.1 Women’s Marathon Swimmer) called “Get Up – Get Over It – Get On With It!” If you have ever had a rough time in life then you need this!!!Click here now to get a FREE book and DVD
and to subscribe Succeed Magazine website (http://tinyurl.com/3ahsds)
Yours in abundance,
David Schirmer
P.S. Check out http://davidschirmer.blogspot.com/ for insights to my Secret Journey.
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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