David Schirmer Secret Teacher & Professional Trader | davidschirmer.com

Stock Market Report - May 8, 2010

Saturday, 08 May 2010 13:20

Welcome to my Market 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 Stock Markets Had To Fall!

Many have said that there is no explanation for this weeks massive fall in the stock markets. I say B.S.!! If there is no explanation then how come I predicted it BEFORE it happened. It's a pity analysts, economists, fund managers and brokers weren't paid on performance - no government won't let that happen, that would mean many people would be out of a job including a whole bunch of ASIC staff employed to keep the crooks hidden from accountability!

AUSTRALIAN ALL ORDINARIES INDEX (XAO)

On Wednesday May 5 I published my Market Report. Here is what I wrote: "The XAO is currently in its 53-week cycle orb period (as show on the chart as the yellow box). This indicates that the market has over 70% probability of declining into that price area (3815 - 4286) between January 12, 2010 & May 16, 2010. It hasn't declined to that price yet with only 12 days to go.

Potentially the All Ordinaries Index could drop at least 365 points within the next 2 weeks. I wrote last year that April-May 2010 would possibly cause stock markets around the world to drop considerably."

From the open price on Wednesday morning (4735) to the low price on Friday (4450) the XAO has fallen 285 points so far!! I also indicated that the index had support at 4483 ... it made its low at 4450 ... just 33 points off! I mentioned a critical reversal on May 8 ... that's today!

What can we expect from the global markets now? (click 'Read More' below)

Recently David Schirmer was exposed on TV, a real current affair show, not the usual scam of fraud you would see on TV.

David Schirmer exposed in an interview with Learning With Leaders host Pactrick Dougher. Here is the transcript of The Secret Teacher David Schirmer Exposed:

Patrick Dougher: Welcome to Learning from Leaders. This is your host Patrick Dougher. I have a great show for you today. I’ve brought a good friend of mine and a mentor that I’ve known for the last several years, on the show because, well, I wanted to share him with you. I wanted to show you a person that I’ve found to be not just a great mentor and teacher, but someone who actually has had a great deal of international renown with a movie that he was in a few years ago called The Secret.

Then, we met a few months later at a mastermind meeting, a meeting in Baltimore, and I was really stunned at how wise this guy is and what he brought to the table. We became fast friends and we’ve kept up with each other through Facebook and some other things because David Schirmer lives in Australia. He’s a good friend of mine and I’m so thankful that you’re doing the show. Welcome to the show, David.

David Schirmer: Well, thank you. Glad to be here.

Patrick Dougher: Well, David, I know a lot of people want to know your story. You were with The Secret, but there’s so much more to you. So, tell me more.

David Schirmer: I guess our story goes right back to – we lived in Far North Queensland. I grew up on a cattle station and then got married and was on the family farm for a number of years. But, I started to really question about the whole success philosophy, then started the manufacturing business and that went really good for a short time. Then, like sometimes in business, the wheels fall off.

All of a sudden we found ourselves massively in debt. We couldn’t pay our rent. We were about to be evicted from our home. We hadn’t paid the registration on our vehicle and were driving around in an unregistered vehicle. I was on unemployment benefits and without a job... (To read more click below)

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Why The Beans I Planted Never Grew Up

Sunday, 04 April 2010 05:21

My daddy was a farmer, he owned 1700 acres of coastal property, which he grazed cattle, raised, pigs and grew vegetables. Like all little boys, I wanted to be just like my daddy ... a farmer.

Some of my earliest memories was helping my father in the garden, digging the soil, watering the vegetables and planting seeds. One day my dad said we were going to plant some beans. I loved to stand in the garden, pick fresh beans and eat them raw, so as a little three-year-old boy, planting beans seemed like a life long dream come true!

We had prepared the garden bed; the soil was perfect, moist just below the surface. My dad created a small furrow the length of the garden bed with his finger. He then handed me the beans and showed me how to put them in the small furrow and push them just below the surface with my tiny finger. We then cover them up and lightly pressed the soil down on top of the seed.

A three year old has no concept of time. So immediately after planting the bean seeds I was looking for the bean plants. I waited, and waited ... and waited. I went inside for dinner then raced back to the garden looking for the beans; I went to bed and slept all night, then bounced out of bed in the morning, raced out to the garden looking for the fully grown bean plants ... still not a single sign of beans!

All day I continued to check the garden for beans, racing out excitedly and coming back disappointed. Finally after the second morning of eager anticipating I couldn’t stand it any longer ... so I did what any impatient three-year-old boy would do.

I dug down to find the bean seeds to see what was going on!

As I dug down with my little hand early in the morning ... read more