Birchtree's Account Talk

[Steadygain]

Re: Birchtree's account talk

We are already at a new yearly high on the Dow and the Transports will follow in a couple of days.

Birch -- if I ever need any kind of 'support' to Stay IN --

I can always count on you.


Here's my take. We're entering new 'yearly highs' because we are continuing to move in the UPWARD direction that began in 3/09. The recent and what felt like ~~~ a very long drawn out correction ~~~ was in reality a blimp on the screne.

The odds are -- as we advance into 'new highs' things will pick up and the highs will get higer and that cycle within a cycle will feed on itself. As those in the TOP 50 -- lock in their gains -- I will all the more have a chance to advance to the TOP 50.

Eventually FEAR will seize you and force you to BAIL -- and then I'll be able to pass you. After this happens you'll look back and wonder why you bailed -- and I'll wonder the same thing.

But Life goes on Birch and we just deal with it.

 

[Steadygain]

Re: Birchtree's account talk

We are already at a new yearly high on the Dow and the Transports will follow in a couple of days - then Richard Russell will admit that we are probably in a bull market.

I'm hoping as we reach new yearly highs -- things will pick up and we'll have a cycle within a cycle pushing things higher and higher.

Hey -- it said the Server went down on my last post ---

Ain't that a trip -- so just ignore this one

 

[FAB1]

Re: Birchtree's account talk

~~~ a very long drawn out correction ~~~ was in reality a blimp on the screne.

I dunno - a blimp is pretty big isnt it? Oh you meant BLIP -

 

[Birchtree]

Re: Birchtree's account talk

Fear has always been my edge. It will be euphoria that will cause me to step aside on a gentle basis - that's why I'm watching the VIX.

 

[Birchtree]

Re: Birchtree's account talk

A few more lonely doves before the close: DOW, KWR, AGO, AKS. The market will continue to look forward and that's what I'm doing.

 

[Birchtree]

Re: Birchtree's account talk

The VIX is signaling a likely pull higher in coming days by equities. I guess tomorrow I'll be a participant in some panic buying - but I won't be a lone. The hedge funds are feeling the pressure. The always late retail buyer is busy running toward bond mutual funds - how silly is that. But that's what Ferdinand likes - keep'em in the bonds.

 

[Birchtree]

Re: Birchtree's account talk

If the S&P 500 can not exceed the key retracement levels of 50% (1117) or 61.8% (1222) of the 2007-2009 decline, then the market advance from the March lows will probably be over and then either a significant correction or a prolonged consolidation may take shape. I think we will moon rocket right on up into the stratosphere. Probably the most positive thiung about Dow 10,000 this time around is that so many people don't trust it. Bull markets climb a wall of worry and someone just put a coat of grease on it.

 

[Steadygain]

Re: Birchtree's account talk

I think we will moon rocket right on up into the stratosphere.

Folks if you're looking for something to take home -- look no further than this.

Probably the most positive thing about Dow 10,000 this time around is that so many people don't trust it.

Probably the greatest thing this time around is that we've already been there before -- and whatever 'consolidation' needed to take place has already occured. So the last time it was loose dirt and this time it's hard dirt.

Bull markets climb a wall of worry and someone just put a coat of grease on it.

Rocket fuel is burning ... I smell it and I know what's going on.

And this is the way to end the day.... ignore all other threads and just keep comming back and read this over and over.


Good night all.

 

[Frixxxx]

Re: Birchtree's account talk

If the S&P 500 can not exceed the key retracement levels of 50% (1117) or 61.8% (1222) of the 2007-2009 decline, then the market advance from the March lows will probably be over and then either a significant correction or a prolonged consolidation may take shape. I think we will moon rocket right on up into the stratosphere. Probably the most positive thing about Dow 10,000 this time around is that so many people don't trust it. Bull markets climb a wall of worry and someone just put a coat of grease on it.

Ground control to Major Tom Ground control to Major Tom:
Take your protein pills and put your helmet on
Ground control to Major Tom: Commencing countdown engine's on

 

[Birchtree]

Re: Birchtree's account talk

"It looks like it's happening again, in that a break of both the 20 and 50 day EMA triggered in more short-sellers....and now we're having their stop-losses taken out yet again which - if history since July is any guide - will lead to a new price high in the S&P 500."

http://greenfaucet.com/technical-analysis/bulls-trap-the-bears-again/89248

 

[JTH]

Re: Birchtree's account talk

On the bullish side, if we close above 1101, then based on the difference of the 4 previous swing highs we can project the S&P 500's next swing high will fall between 1122-1142

 

[Birchtree]

Re: Birchtree's account talk

Thankyou love-to-bike and Mr Boooom for your propitious tracker moves today. I want to be a buyer today if I can see a positive SPX.

 

[Jackbnimble]

Re: Birchtree's account talk

Birch, as always you are ahead of the curve.....

"BlackRock’s Fink Says ‘Record’ Cash Going Into Funds"

http://www.bloomberg.com/apps/news?pid=20601087&sid=aXn606_6sjx4&pos=6

 

[Birchtree]

Re: Birchtree's account talk

That $267 billion in bond funds will eventually grow tiresome - and then find better gains in equity mutual funds - frosting on the bullish party. That'll be exciting. Snort.

 

[Mcqlives]

Re: Birchtree's account talk

That $267 billion in bond funds will eventually grow tiresome - and then find better gains in equity mutual funds - frosting on the bullish party. That'll be exciting. Snort.

Birch,

I'm with you...I just hope the VIX climbs higher and forces people out of the safe havens (also known as no returns:blink for fear of misisng out on the party!

Odd week, though, with the holiday tomorrow. It'll be interesting to watch the last hour or so today as well as opening on Thursday and all of Friday. Should give us a sign of what comes next week.

Have a great one picking your wall flowers!

-mcq

 

[Birchtree]

Re: Birchtree's account talk

The bond market is closed on Wednesday but the stock market is open.

 

[mayday]

Re: Birchtree's account talk

Early figgy pudding Birch.

 

[Steadygain]

Re: Birchtree's account talk

Well Birch,
Considering the enormous gain yesterday I am very pleased with today's activity. Things look very stable to me.

Thanks for everything Birch and I mean that from the bottom of my heart -- for you and all the others -- you gave up everything and gave more than is humanly possible and dealt with way more than anyone should ever have to deal with. I think very few can grasp the magnitude of what you gave (and no one can know without going through it) - but you are the very fabric of all that makes this country great.

Well Lady's here - so things are good - we've got a great gathering here and I'm ready to just chill and head home.

So give Mindylou a little extra time (for me).

Later my friend and Happy Veteran's Day

Steady

 

[mayday]

Re: Birchtree's account talk

More figgy pudding please.

 

[Birchtree]

Re: Birchtree's account talk

"October was no ordinary month for the reality of the matter is that most widely read analysts have seen this rally as a bear market rally that was expected to resolve to a move back to and in some cases below the March low of 6470 (Dow). As the stealth bull market has gathered space, so has it ironically accumulated more bears pronouncing its imminent demise on every correction." Oh, to be a contrarian is delectable.

http://www.marketoracle.co.uk/Article14921.html