Birchtree's Account Talk

[WorkFE]

Re: Birchtree's account talk

Birch,
If the VIX continues at this rate you'll be out sooner than you thought or you'll have to revise your plan or play it by ear.

 

[Birchtree]

Re: Birchtree's account talk

Ah, that's the risk, but September may throw us a few curve balls and scare the bull tinky out of some. I hope it takes a few months to nail the VIX 20 level - but if it happens sooner than expected I will probably stay wilth my initial strategy. I'm learning my discipline trend trading from the maestro Coolhand.

 

[WorkFE]

Re: Birchtree's account talk

The curve balls is what I'm setting up for now that I've met my initial goal. With any luck I'll have icecream and cake after dinner.

 

[WorkFE]

Re: Birchtree's account talk

That 1035 ceiling is proving to be one tough cookie.
Might have to breakout the secret weapon.

 

[Birchtree]

Re: Birchtree's account talk

The secrete weapon arrives tomorrow in the form of the July durable goods orders - anything better than 2.5% increase and we rally strongly.

"Laszlo Birinyi rides the bull and sees the S&P 500 soaring to 1,700 by 2012. This would be another 66% gain from its current level of 1030. You should position yourself in stocks (or add to positions) consistent with your risk tolerance and investment time horizon. But if you wait for U.S. GDP to flash positive in Q4 or in Q1 2010, most cyclical stocks will have been bid up by another 15% to 20%, and in some cases, much more than that."

http://www.dailyfinance.com

 

[Viva_La_Migra]

Re: Birchtree's account talk

The secrete weapon arrives tomorrow in the form of the July durable goods orders - anything better than 2.5% increase and we rally strongly.

I don't care what it does for the market, a weapon that secretes stuff can't be a good sign! :laugh: I thought Obama was a pacifist!

 

[Birchtree]

Re: Birchtree's account talk

Now I see said the blind man - knock off the e on secrete. I think we also have some more housing stats released tomorrow - maybe existing home sales perhaps. The durable goods number will put the shine on the day. I want my 300 point banger so I can clear my buy list and get on with my life.

 

[Birchtree]

Re: Birchtree's account talk

http://www.raymonfjames.com/inv_strat.htm

 

[Birchtree]

Re: Birchtree's account talk

"The positive actionin the A/D line, the McClellan Summation Index (MCSUM) for the U.S. equity market is also in very strongly positive territory. With the Summation Index at current levels is usually a sign of strength historically going back to levels seen June 17th, 2003. With the Summation Index at such lofty levels I am less concerned about the approaching seasonally negative September and October time periods. The VIX is trending down but will probably revisit last year's low readings in the 18 to 20 range before this advance has peaked."

http://www.financialsense.com/Market/wrapup.htm

 

[Birchtree]

Re: Birchtree's account talk

Today the Birchtree rejoices with solemnity, justice has finally been served and another dirt bag burns for eternity. Stank Ted is dead.

 

[Birchtree]

Re: Birchtree's account talk

Only $0.15 more to go on BAC and I'm a buyer. Waiting on the durable goods and then I'll be forced to chase this rally again. Good thing I have new jogging treads.

 

[Bullitt]

Re: Birchtree's account talk

.15 cents to go? Birch are you making buying decisions based on charts these days? I miss the contrarian style of yours in going to the well only when everyone else is selling.

 

[Birchtree]

Re: Birchtree's account talk

I'm spending my cookies on margin these days so I'm trying to be prudent and chase the rallies.

 

[nnuut]

Re: Birchtree's account talk

http://www.tsptalk.com/mb/showpost.php?p=229039&postcount=5575

 

[Birchtree]

Re: Birchtree's account talk

"Historical Stocks Bear and Bull Markets Compared. The average bull market has handed investors a 164% gain. If you apply that to the closing low of 682.55, you'll get an S&P 500 of 1801.73. That would mean stock investors stand to make another 75.7% from the current levels strictly based on averages. Keep a cool head and invest in companies that payout steadily rising dividends."

http://www.marketoracle.co.uk/Article12996.html

 

[Birchtree]

Re: Birchtree's account talk

I wanted to let Tom1Tom1 know that he will fall to the turtle tomorrow but I couldn't find his account talk. Once he goes then Sonic is next. After Sonic goes then comes ContrarianJeff - this will be done in September. I'm saving October for Boghie.

 

[Birchtree]

Re: Birchtree's account talk

"Those waiting for a much talked-of pullback of 10% or more may be cooling their heels for a long time, if previous market experiences are any guide. The rallies that commenced after the two most recent U.S. recessions ran longer than pessimists expected. Earlier bull markets hold lessons for those investors holding money on the sidelines today."

http://www.reuters.com

 

[tom1tom1]

Re: Birchtree's account talk

Can't catch me

 

[Birchtree]

Re: Birchtree's account talk

"I'm cautious on a correction, says Joe Terranova. We're getting ISM next week as well as unemployment numbers and that data could be extremely positive. And as the hedge funds come back into the game in September I think they could start chasing performance."

http://www.cnbc.com/id/32567198

AIG is starting to make me nervous - but not enough to sell out. Hank Greenberg may be back on the scene. AIG is up eleven points right now.

 

[Birchtree]

Re: Birchtree's account talk

Well if you don't say - it looks like AIG is going to ignite the fuse today are recharge our one way stampede ramp-up rally. I need to put some money to work. 70 million shares of AIG traded so far today. I'm going to let it run.