Schawb new accounts fastest pace since tech crash
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  1. #1
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    Schawb new accounts fastest pace since tech crash

    Schwab stated individual investors in first quarter are opening up new accounts @ fastest pace in 17 years. In first quarter in 2000 investors were rushing into new trading accounts to put life savings. Over next 2.5 years Nasdaq lost almost 80%. Near the last phase of a bubble the euphoric public goes on a shopping spree. Looking to go on a put shopping spree latter this year


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    One of the tricks to personal prosperity is avoiding popular investments @ market turns

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    hoping to ride the momentum for a few more months .... then cash out.
    am i pushing my luck?

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    It probably is an indicator of a late stage bull market, yes. But it's hardly news that we're in the late stages of a bull market. The current bull phase has been going on for 8 years, certainly is on the long side historically.

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    at some point...... the bears will be RIGHT!!

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    That bear suit must be getting warm these days?



    - live link: http://stockcharts.com/h-sc/ui?s=%24...d=p34461544318

    This should help cool things too:



    - source: http://globalnews.ca/news/3402056/sn...s-and-canmore/

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    Quote Originally Posted by jargey3000 View Post
    hoping to ride the momentum for a few more months .... then cash out.
    am i pushing my luck?
    Price structure looks like it needs to subdivide higher. I have to run some numbers. From memory I remember the DJI coming 1.5 points away from fib 377% rise in wave one into the 1987 high which I thought was the completion of 5 up @ the time from the 1932 low. Do to the fact often waves 1 & 5 will be equal or fib ratio of. The first wave up from the 1932 low was a fib 377%. It turned out the 87 price high was only wave 1 up of 5 up with the 09 low completing the 4th wave of a 5th wave up. In the S&P 377% up from the 666 low of 09 is 2510.82

    Using the Hebrew calendar solar/lunar

    1929 spring low 2nd moon 22nd day
    1987 spring low 2nd moon 23rd day

    1929 summer high 6th moon 1st day
    1987 summer high 6th moon 2nd day

    1929 fall high 7th moon 9th day
    1987 fall high 7th moon 10th day ( Yum Kippur)

    1929 crash Oct 29 7th moon 27th day
    1987 crash Oct 19 7th moon 27th day


    The correction from the March 1st high does not look complete most likely forming flat or triangle then should have last 5 waves up. Will be watching to see if price pattern lines up with solar/lunar calendar high/lows of 1929/1987. If price forms similar pattern shorting around Yum Kippur is my plan. The ancients were good record keepers there is a reason for them thinking Yum Kippur was important. No speculation going into Yum Kippur would have worked out well in 1929 & 1987.

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    The book of Jonah is read on Yum Kippur. Jonah was not a man the prophet was the moon. 3 days inside the whale was the amount of time there is no moon before new moon. If you go back through history 55hrs before first new moon AFTER Yum Kippur have been crash lows +/- 12hrs

  10. #9
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    Quote Originally Posted by lonewolf :) View Post
    Price structure looks like it needs to subdivide higher. I have to run some numbers. From memory I remember the DJI coming 1.5 points away from fib 377% rise in wave one into the 1987 high which I thought was the completion of 5 up @ the time from the 1932 low. Do to the fact often waves 1 & 5 will be equal or fib ratio of. The first wave up from the 1932 low was a fib 377%. It turned out the 87 price high was only wave 1 up of 5 up with the 09 low completing the 4th wave of a 5th wave up. In the S&P 377% up from the 666 low of 09 is 2510.82

    Using the Hebrew calendar solar/lunar

    1929 spring low 2nd moon 22nd day
    1987 spring low 2nd moon 23rd day

    1929 summer high 6th moon 1st day
    1987 summer high 6th moon 2nd day

    1929 fall high 7th moon 9th day
    1987 fall high 7th moon 10th day ( Yum Kippur)

    1929 crash Oct 29 7th moon 27th day
    1987 crash Oct 19 7th moon 27th day


    The correction from the March 1st high does not look complete most likely forming flat or triangle then should have last 5 waves up. Will be watching to see if price pattern lines up with solar/lunar calendar high/lows of 1929/1987. If price forms similar pattern shorting around Yum Kippur is my plan. The ancients were good record keepers there is a reason for them thinking Yum Kippur was important. No speculation going into Yum Kippur would have worked out well in 1929 & 1987.
    soooo........if I read you correctly ..... I'm good 'til September.....??? Oy vey!

  11. #10
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    Isn't it cool how internet is now used to spread "predictions" which are, in essence, medieval superstition?


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