Birchtree's Account Talk

[Birchtree]

We all need a little rain now and then - thanx for stopping by. I am actually welcoming this consolidation because it will set us up for even higher highs in the weeks ahead.

 

[burrocrat]

no rain, no rainbows.

i just hope the clouds don't hide the moon, it's one of my primary indicators.

 

[Birchtree]

You might stop by http://mmacycles.com for a pleasant read - I do on occasion.

 

[burrocrat]

You might stop by http://mmacycles.com for a pleasant read - I do on occasion.

good link there, yep that confirms it, i'm a sentiment trader i guess, dang, i was looking for a technical analysis position too.

oh well, go with what you know.

 

[Birchtree]

I just noticed that the VIX closed at 21.01 +14.50% - now that's a nice kind of fear. That gives me plenty of breathing space. One more hit like we had today and amoeba will be finding religion at the #700 club. Don't forget we have non-farm payrolls due Friday and we should start powering back up before then. You can't hide the fragrance of sweet bull manure with a little beasr scat - it just doesn't work. Remember we survived just fine with oil at $147 a barrel. Back then I was buying restaurant stocks for the rebound. Get ready to retake the damn hill once again as they used to say in Vietnam.

 

[FAB1]

58 Birchtree 4.78%
59 FAB1 4.76%
Pardon me, monsieur - but have wee met before?
Well I must be going (up) perhaps we will meet again, no?

 

[Birchtree]

I'll try and not let my toes get toasted from the effects of your after burners - but if we drop another day I won't have to worry. S funders are paying the price of their walk.

 

[FAB1]

I'll try and not let my toes get toasted from the effects of your after burners - but if we drop another day I won't have to worry. S funders are paying the price of their walk.

Good advice.

Today I funders got a little less Johnny Cash Hurt with FV working for them.

next time around tho Bros - watch out for the Shaft

 

[JTH]

I'll try and not let my toes get toasted from the effects of your after burners - but if we drop another day I won't have to worry. S funders are paying the price of their walk.

I ponder how we use the S&P 500 as the "bench mark" by which all performance is measured? It's a fluffy lie when you think about it. We've set the bench mark fairly low, so low that dart-throwing-blind-monkeys can beat this standard under-performing index.

 

[FAB1]

I ponder how we use the S&P 500 as the "bench mark" by which all performance is measured? It's a fluffy lie when you think about it. We've set the bench mark fairly low, so low that dart-throwing-blind-monkeys can beat this standard under-performing index.

:blink: Brain Strain! This is too deep for the likes of me!

 

[Birchtree]

Yes siree, sticking to a long term strategy is key to generating solid long term returns. If we get a QE3 the sky is the limit pushing up equity assets - I want my bubble. Right now roughly 60% of today's S&P 500 earnings are actually generated outside the U.S. The VIX is down 9.5% this morning - heading back to the 16 level probably tomorrow with a good NFP number.

 

[Birchtree]

I can't hardly stanz it no more - I'm chomping at the bit to do some buying. However, I'm going to be patient and accumulate more flower buying power and then strike with a vengence and clear the table. Today will make up my oceanic loss from Tuesday - and if we can break SPX 1330 that'll add on more Dow points and help me reach a $100K day. Friday could be extraordinary. I might even make up my entire give back from last week. I mentioned the other day that there was still much hidden optimism and the negative news would not keep the market down. I think the I fund still owes me money.

 

[poolman]

I can't hardly stanz it no more - I'm chomping at the bit to do some buying. However, I'm going to be patient and accumulate more flower buying power and then strike with a vengence and clear the table. Today will make up my oceanic loss from Tuesday - and if we can break SPX 1330 that'll add on more Dow points and help me reach a $100K day. Friday could be extraordinary. I might even make up my entire give back from last week. I mentioned the other day that there was still much hidden optimism and the negative news would not keep the market down. I think the I fund still owes me money.

Yes tomorrow's employment #'s will push this market either way from the spx 1330 level. LARGE

I'm thinking tomorrow's #'s will be good for the markets. Gut Feeling.

 

[FAB1]

I'm thinking tomorrow's #'s will be good for the markets. Gut Feeling.

Me too b/c the other numbers released this week havent been bad ones!

Then we will cut thru 1330 like a hot knife thru butter!! :nuts: - and then

Cracker Barrel Fish Fry Fridays for celebrating the weekly wins.

 

[Birchtree]

C'mon mom and pop you got plenty of time you don't want to miss anymore of this bull market. Nine of the 11 prior bull markets lasted for more than 1300 days. It's possible that we're only a tad more than halfway through the bull market. Catch the Wave 3.

 

[FAB1]

C'mon mom and pop you got plenty of time you don't want to miss anymore of this bull market.

What are they trying to say, birch?

 

[Birchtree]

That's funny. I'll be there in another 20 years - but I'll be stinking rich. Ferdinand will see that the money never sleeps. How high is high over the next 5 years - it don't matter because I'm going to be buying all the way to the top - unless Merrill shuts off my credit. Now it's time to go work the garden for a few hours. The Dow should be up +200 by the time I get back.

 

[FAB1]

I hear ya. Let hope we have better attitudes tho, and keep our sense of humor!

 

[Birchtree]

Whew - gardening is hard work. The Dow is now at +203 and with an hour left we could see another 50 or 60 points to scare the bears shirtless. It smells like a bullish stampede with a great angle of ascent.

 

[Birchtree]

Perhaps the FV on the I fund will be oh so sweet - they owe me money from yesterday. We could have an absolute barn burner tomorrow if the shorts want to live another day. They simply have to cover their positions. The broad public and even many informed investors continue to fear the markets and disbelieve the rally. I can't see any long term top yet - keep the wall of worry intact. It won't be long before we take out the 7/13/2007 peak of the R2K at 855.77. Remember the Transports peaked at 5492 on 6/5/2008 - and soon to fall also. My oceanic account right now is up $93K - waiting on the magical $100K.