17 replies to this topic

[fib_1618]

Volume is still low, I guess not many got back from the holidays yet.

Passover.

theres a line....called the upper trendline of the expanding triangle that started in the late 90.s.......that line is around 18k

That may be so...I don't doubt the analysis. But at this point, there is only enough upside energy for the Dow to move to the targets mentioned. If we continue to get further "boosters" to this same analytical information in the future, we will then get higher targets to work with...even maybe 18,000.

Fib

[maineman]

Jews make up less than 1% of the entire world's population. Of those few, most are not orthodox. The actual number who would actually "observe" Passover and stay home for 8 days is miniscule. mm

[fib_1618]

Jews make up less than 1% of the entire world's population. Of those few, most are not orthodox. The actual number who would actually "observe" Passover and stay home for 8 days is minuscule.

Though I will not debate the percentage of "Jews" in the world, I will say that most do stay home the first and last days of Passover...very much like you see with Rosh Hashana and Yom Kippur where it's a two holiday on the front end and one day on the back end.

Today was the last day of Passover, no less, Easter Monday.

Regardless, daily volume is just fine and dandy for an uptrend. The time to get concerned is when you see heavy volume after a prolonged uptrend when all of the "unwilling" buyers jump in and this usually solidifies a top of one degree or the other.

Fib

[Cirrus]

The closing OEX P/C of 2.8 is mildly troublesome but it will take more than a one day spike of the OEX P/C to make me cautious to ST bearish. It's probably my favorite indicator for 'picking' a ST to IT top.

[maineman]

Jews make up less than 1% of the entire world's population. Of those few, most are not orthodox. The actual number who would actually "observe" Passover and stay home for 8 days is minuscule.

Though I will not debate the percentage of "Jews" in the world, I will say that most do stay home the first and last days of Passover...very much like you see with Rosh Hashana and Yom Kippur where it's a two holiday on the front end and one day on the back end.

Today was the last day of Passover, no less, Easter Monday.

Regardless, daily volume is just fine and dandy for an uptrend. The time to get concerned is when you see heavy volume after a prolonged uptrend when all of the "unwilling" buyers jump in and this usually solidifies a top of one degree or the other.

Fib

Fib,

I am simply sharing info here that I find interesting. I am Jewish and can tell you with certainty that there are less than 1% "Jewish". As for the customs, most Jews do not take off from work for these holidays. At best, there is a change in dinner. Yom Kippur, on the other hand, many of us do take off. The more observant take off the first day of Rosh Hashonah.

I've always been intrigued by the concept of how these Jewish events could influence market action. Best guess? 50 years ago when the NYSE was dominant, there was a relatively high percentage of Jewish NYSE specialists and volume likely was affected. I doubt the volume made by "Jewish" traders in a modern global economy can have ANY effect on market action. But I could be wrong. Interesting stuff.

mm

[OEXCHAOS]

I suspect more than a few traders are suffering from too much food and family yesterday. I know we are. I ate like porcine. Mark

[maineman]

Well, I was wrong-ish. As of the 2005 data .22% of the world is identified as "Jewish".

Another way to look at this:

Judaism: 14 million with major branches as follows:

• Conservative: 4.5 million
• Unaffiliated and Secular: 4.5 million
• Reform: 3.75 million
• Orthodox: 2 million
• Reconstructionist: 150,000

I grew up "Conservative". No one I know/knew took off for Passover, unless they travelled the first day to spend with relatives. "Reform" are more secular, less observant. That leaves 2 million "Orthodox". Spread out all over the world. To assume that some of those 2 million Orthodox Jews - even if they all were stock traders AND they all stayed home for 8 days - would have much influence over trading volume is most likely a false assumption.



No need to reply.... and I hope nothing is taken out of context, etc. But we do have a lot of cultural bias built into our frame of reference, much of it the vestiges of darker days. (Look at the trouble Don Imus is in this week). In other words, contrary to popularly held beliefs, the Jews do not control the world. There are over 2 BILLION christians around the world. Over 1 1/2 BILLION ISLAM, A BILLION Hindus, etc. and ONLY 15 to 20 (maybe) million Jews. For being .22 percent, we do catch a lot of grief and insinuation though.



Just learning more everyday.....

MM

[Russ]

MM, What % of wall st. traders are jewish? What % of wall st. brokers are Jewish? R