Birchtree's Account Talk

[cak165]

Hey Birchtree, what do you think the next catalyst will be to break the 1220-1230 resistance level?

 

[Birchtree]

I wish I was prescient enough to know - anything about QE3 might do it. But a VIX below the 30 level may kick start a further bull run.

 

[Birchtree]

And the bull run continues: TKR, DRC, SYY, KWR, OLN, HNR, GWR, NX.

 

[Birchtree]

The VIX signals grab a few more wall flowers on sale:CLF, SPN, BWP, MSB. That's hot. Next week could be even hotter.

 

[Birchtree]

My oceanic account showed some muscle this week: +$113K, +20K, +$51K, -$17K, +$69K for a nice gain of +$236K. I did manage to spend $418,965 this week trying to pump up the bull - I'd like to come close to that amount next week but I'm such a dreamer sometimes. I'll be satisfied to just keep adding to my base. The buy list is made and all I need is a continuing bull stampede. Watching to see if the VIX catches the guillotine to encourgage buyers - mom and pop are probably gone for the next several years - but the bond buyers are headed into equities.

 

[Birchtree]

Cramer says run from BAC on Tuesday - not me I'll wade in for more shares. So we'll see if bad news upsets the market - a resilient market in the face of bad news is a very bullish sign for investors.

 

[Birchtree]

Up early with things to do today - like mow the lawn again. I've now got $302K sitting in the flower pot ready to buy more wall flowers market permitting. We could see Dow 12,000 next week with positive earnings. Treasury rates have been creeping up - the end of outperformance in bonds likely means a move higher in equities.

 

[Birchtree]

"This move will likely go down in history as one of the quickest 9 days rallies in history." I'll be buying my hoofhearted friends on any strength.

http://www.safehaven.com/article/22937/market-report-the-point-of-no-return

 

[nsurf9]

Birch, excellent article. Confirms spot-on my finger in the wind and add the short-cover wave. I've been riding the wave with the great white at the same time most of Nov. Wanted to avoid a 2% dip (still hate the 2008 IFT rules), but reevaluated each day. I'm still very leary of the EU bailout materializing with out some kind of fizzle.

Nice to still see you on the TSP threads.

nsurf9

 

[Birchtree]

I see where Kinder Morgan (KMI) is buying out my El Paso (EP) - I'm not happy about this transaction but what can I do - perhaps start a position in KMI.

 

[Birchtree]

http://www.marketoracle.co.uk/Article31016.html

http://www.marketwatch.com/story/indicator-with-great-record-turns-bullish-2011-10-18

 

[Birchtree]

We just placed a nice -90 point tail and that will look nice on the charts - now if we can only rally and take back some of the -247 point pain. I'm positive.

 

[Birchtree]

I made a few nibbles today just to keep the fingers nimble: SWK, MS, CLF, AE. I plan to be in much deeper tomorrow if this momentum continues for another day.

 

[Birchtree]

This last hour rally is filling my flower pot and giving back most of the loss of buying power from yesterday - tomorrow the sun shines on my wall flowers.

 

[bmneveu]

Ahh that's why we fell off the day's highs -- Birchtree wasn't buying!

 

[Birchtree]

Give me another day like today and I'll gladly spend $100K on pretty wall flowers - the list is waiting for the opportunity to buy some happiness.

 

[Birchtree]

The flower pot has $277K sitting in it available to be spent - how much of it goes depends on the bull. I keep reminding myself that big fear spikes soon after major tops are a signature bull market correction behavior. "...an all out bull rally is not totally out of the question."

http://www.safehaven.com/article/22981/the-sp500-apple-earnings-and-feeding-the-add-monster

 

[rikarus]

was watching cnbc and they were dicussing how things resemble the market right before the 98 rally, charts were very similar, so anall out rally definetly seems possible.

 

[Birchtree]

1995 was an even better year - no slow down in the bull at all. It reminds me of the saying that the bus travels faster when there are few passengers. I'm waiting on the Dow to swing positive and then I'll spend some money.

 

[Birchtree]

Treading into the market in a gentle manner just in case I get trapped: DHI, KOP, BHI, MS, BAC, PII, CSX, BIP, CBI. I have much more to do - be in to win.