Birchtree's Account Talk

[Warrenlm]

When do think the second stage will ignite?

Pretty soon. This announcement means Europe will eventually find 2T euros. http://www.cbsnews.com/8301-501369_162-20124646.html
Oliver Sarkozy this morning was cautious about Europe being able to control the problems of Italy and Spain but the amount in discussion was 2T. Now with the US supercommittee due out 23 Nov, soon the insiders will know of a satisfactory deal that avoids stalemate. And now refinancing of homes will be easier so strategic defaults may slow. All good. No more hand wringing about regulations and obamacare. Businesses will be unleashed. How'd I do, Mr. Bull?

 

[Birchtree]

I'm still buying my hoofhearted happiness: BDC, AEE, TREX, AEO, PII, RJF, TNB, STN. Getting in deeper and deeper - the smell of superlative bull manure is wafting. More noise about QE3 today. The Fed is now buying MBS like it did in QE1 when their treasuries mature - this is along with Operation Twist. Let's take the Dow to 12,000 on the close.

 

[Birchtree]

"Be the rare rational investor and you will be rewarded." Now ain't that the truth.

http://www.marketwatch.com/story/markets-up-again-whats-up-2011-10-24

 

[Birchtree]

"October has killed another bear. If this is in fact a recovery as opposed to a bull trap, the market should be able to hold most of its recent gains in the face of this overbought condition until the market cools off and the 20 day oscillator returns to a healthier position."

http://www.safehaven.com/article/23059/october-has-killed-another-bear

 

[Birchtree]

"At the right end of the chart, the complex structure with repeated surges to above +200 is saying that the bulls are in charge, and that they have some power. That is a condition that tends to last for a while. To see multiple strongly positive breadth days is a sign that there is a lot of money standing in line waiting to get through the door."

http://pragcap.com/mcclellan-oscillator-confirms-new-uptrend

 

[Birchtree]

Intraday the Dow was negative 176 points - that could be another nice tail for this bull. If the market can go positive I'll be ready to do some more wall flower picking. So if today is a down reversal how that occurs may be important. If we pull back with low volume that's a positive. So bears show me what you got, if anything.

 

[polarbear]

You are very attentive to some good sources. Thanks.

 

[Birchtree]

It's risk on and happy time again, let's buy'em: MLI, KRO, MSI, CR, TRI, BRC. I'm going to go get a few more flowers before anyone else does.

 

[Birchtree]

A few more nibbles while I wait on Europe news: CHG, LG, WR. AIT. I think I'll just put my feet up for the remainder of the day - unless we explode upwards, then I'll probably grab a few more wall flowers.

 

[Birchtree]

http://pragcap.com/rosenberg-the-bond-bull-might-be-coming-to-an-end

 

[Birchtree]

I'm already in deep, real deep, so there is no need to rush and chase Ferdinand - but I am doing some purchases: KEX, AA, KMT, ALB, CBI, NFX, PII. I think as money comes into the market we will get stronger as the day progresses.

 

[nasa1974]

I'm already in deep, real deep, so there is no need to rush and chase Ferdinand - but I am doing some purchases: KEX, AA, KMT, ALB, CBI, NFX, PII. I think as money comes into the market we will get stronger as the day progresses.

It would be nice if the S fund closed with a 3-4% profit. If the VIX stays below 30 and even falls below 29 we might have a nice ride. Strapped in and ready to rock and roll. YEE! HAA!

 

[Birchtree]

The VIX currently at 26.13 is headed for the 25 level before we close. A lot of fingers on the trigger today looking for targets. So much money and so little time for many money managers - the pressure is on. I'm cool as a cucumber racking up the coin.

 

[nasa1974]

The VIX currently at 26.13 is headed for the 25 level before we close. A lot of fingers on the trigger today looking for targets. So much money and so little time for many money managers - the pressure is on. I'm cool as a cucumber racking up the coin.

If the VIX continues falling I think the move up will be huge only to see a nice sell off before closing to set up another buying frenzy tomorrow.

 

[Birchtree]

What's nice about this rally is that fundamentals are in play. The preliminary GDP at 2.5% could be revised stronger. The complex structures forming on the McClellan Oscillator is confirming the uptrend. The NYAD line continues in rally mode. October is going to turn out the best month EVER. I'm a rider on the storm with no fear.

 

[Elgallo]

http://www.youtube.com/watch?v=5qRJIBtbc2c

 

[WorkFE]

Very nice Elgallo

 

[Birchtree]

Yes, Elgallo and I have much in common. Dow is getting ready to cut through the +300 gain - then the fun really heats up. Canned Heat - On the Road Again.

 

[Elgallo]

http://www.youtube.com/watch?v=fF0LLfm2bns

I beleive I actually have this alblum somwhere amoungst all my 60's collection.

 

[Birchtree]

"In the 1990s equity markets in the US rallied as the US dollar rallied as well. The main idea is that under the fall melt-up scenario, do not let currency movements trick you into thinking that a strong dollar is bearish for equities. If anything, it would further the case for a Grand Surprise in risk assets into the end of the year." Something to keep in mind as the dollar begins a recovery.