Birchtree's Account Talk

[Buster]

I don't think you'll have to wait long - the bull is back in town and ready to rampage.

"It's very different this time."

http://scottgrannis.blogspot.com/2010/02/its-very-different-this-time.html

The yield on 10 year government bonds is 3.7%, while prospective yield on blue chips over the next year is 3.8%. This is only the third time this has happened since WWII and each time it marked the beginning of a great bull market.

Third time is a Charm



Crap, should have posted that in the favorite Quote thread...My bad

 

[Birchtree]

"We are at an important testing and pivot point for the market, the second most important point since April."

http://safehaven.com/article-15790.htm

 

[Birchtree]

"We remain in buy mode, looking for the market to move higher into March. Nothing has changed with our forecast - the energy still exists for a rally - a pretty significant rally."

http://www.marketoracle.co.uk/Article17190.html

 

[350zCommTech]

You think you can do some more buying this afternoon? I would like to see green across the board.

 

[Birchtree]

I always try to do my part - been thinking about buying some more ANR while it's off a little for my lamb chop account. I also need some more MEE. Stocks waiting behind the curtain: HP, MAN, WLT, ARG.

 

[Steadygain]

"We remain in buy mode, looking for the market to move higher into March. Nothing has changed with our forecast - the energy still exists for a rally - a pretty significant rally."

http://www.marketoracle.co.uk/Article17190.html

I was wondering if we could come up with a different name for the Lilly Padders :cheesy:

Maybe 'Fluffed Pillows' :toung:
or 'Candied Turnips' :laugh:


Anyway -- I'm enjoying the ride -- it's really nice not have to worry about it


So what do ya think Birch ??

 

[Birchtree]

Steady,

Spaf named his boat "Lily Pad" so I think we keep it as a memory for some of us.

"The S&P 500 is NOW at a 3.5 year MAJOR support and pivot point."

http://www.stocktiming.com/Wednesday-DailyMarketUpdate.htm

 

[JTH]

Steady,

Spaf named his boat "Lily Pad" so I think we keep it as a memory for some of us.

"The S&P 500 is NOW at a 3.5 year MAJOR support and pivot point."

http://www.stocktiming.com/Wednesday-DailyMarketUpdate.htm

Thanks, I almost forgot about that trendline, I'll have to draw it back in on my charts.

 

[Steadygain]

Thanks Birch

I had no clue -- Right on Brother !!!

 

[350zCommTech]

I always try to do my part - been thinking about buying some more ANR while it's off a little for my lamb chop account. I also need some more MEE. Stocks waiting behind the curtain: HP, MAN, WLT, ARG.

Birch,

At 2:59:50 pm est., I would like you to push your buy button.

Please....

 

[Handballer]

Thanks, I almost forgot about that trendline, I'll have to draw it back in on my charts.

Your charts? What charts? You aint got no stinking charts!:laugh:

Enjoy your loong weekend Steady, everyone.

 

[Handballer]

Just upping my posting number. Hoping to get to the next level, whatever that is.

 

[Steadygain]

Hey Birch -- don't smoke it all at one time :cheesy: but stretch it out.

Take like 2 puffs Max -- then wait a few hours and you'll probably find you're good the rest of the day.

Take another puff right before you go to bed and you'll sleep a lot better and feel like 10,000 times better when you wake the next morning.

Well anyway it's currently $850 a gram -- but it's grown in a region of the world that most don't even know about -- and through a process thats taken the Native Population hundeds of years to fine tune.

Just send Heidi or Gretchen back if you need anymore. Man, really I've got like 20 Tons or more.

Later man


Have a great weekend everybody

 

[Steadygain]

Hey everyone --- especially visitors

I'm finally caught up and ready to head home !!

Feel I need to clear up my last POST -- just to make sure.


Birch is a Marine that is now an 'old coot' - but he still eats bullets and in real life almost everyone cowers when he comes near cause he's still like super bad ass.

Almost everyone here is equally timid -- and because of that and because we goes back a ways -- at least we have a lot in common

I say a lot of crazy things to him and it's just what I do.

But I'm as straight as you can get and Birch is too smart to screw around -- so Please know my last post was just messing with him and if you know me at all -- you'd know that's what it's all about.

OK -- so we're all cool -- later everyone

 

[Birchtree]

That was a nice drop in the VIX during the last 30 minutes - 22.73 down 1.23. This could simply be a harbinger for next Tuesday and we could see further drops into the high teens. If that happens it'll be time to shift 5% of my S fund to the G fund. I'm still playing for the 10% correction later this summer around the 4-year cycle lows.

 

[Bullitt]

Birch, you buying any of of those Berkshire Hathaway B Shares now that they are 'cheaper'?

 

[Birchtree]

Nah, there are so many sweet wall flowers that I need to add to my lamb chop portfolio that I'm currently building as a fortress to protect my base from the margin sweeps. I did make money today which was a pleasant surprise after the Dow was down 160 points. I could have easily been down over $40K but ended up $14K - plus I had about 6 dividends hit my account. Bullish tonality remains intact. The 200 week MA for the Dow is roughly at 11,160 and that's the destination before March ends. The 200 week MA for the SPX is around 1240 and another reasonable expectation. Snort.

 

[Birchtree]

"The critical question is whether the market can break out above the moving average and resume the bull market, as it has done several times in the last ten months, or with the return of economic uncertainty, will the moving average now be overhead resistance on rally attempts, as happens when more serious corrections are getting underway."

http://www.marketoracle.co.uk/Article17218.html

 

[Birchtree]

"Having a very short-term view, you can get into a lot of trouble and a lot of negativity."

http://www.cnbc.com/id/35367608

 

[Birchtree]

"With consensus for the US dollar very bullish today, I'm going to offer a contrarian perspective. Rather than being the start of a new cyclical bull, technically this dollar surge merely looks like a garden-variety bear market rally within its secular bear. And provocatively, given bear-to-date precedent this particular rally looks mature. Odds are today's dollar rally is either already over or soon will be."

http://www.marketoracle.co.uk/Article17209.html

I did an IFT for COB 2/15 going from 5G/70C/15S/10I to 65C/15S/20I. I moved a 5% position from the I fund at $19.05 when the VIX was bottoming around 17.43. I would like to get back into the I fund at around $17.35 or a little less. I still plan to move 5% off the S fund when the VIX comes back under the 20 level and the S fund is priced above $17.00. The I fund will probably be back to the $19.50 range by then. My plan is to still be 30%G fund by the end of July waiting on the 10% correction.