Birchtree's Account Talk

[Frixxxx]

I want to see that one way ramp up stampede rally to put more fear into the MB.

You and me both, sensei!

 

[Birchtree]

http://dshort.com/charts/bears/current-bear.gif

 

[Birchtree]

"Bulkowski's Chart Pattern Indicator Update - trusty chart pattern indicator turns bullish."

http://thepatternsite.com/CPIUpdate.html

 

[Birchtree]

The Dow 50 day moving average is at 10,377 - I would like to see it penetrated today. The VIX may actually take out its 21 level also.

 

[Steadygain]

The Dow 50 day moving average is at 10,377 - I would like to see it penetrated today. The VIX may actually take out its 21 level also.

I hope ya the best Birch !

Things look scarey to me -- so I'm glad to sit back and just enjoy the show. But from my perspective it feels a thousand times better making MONEY when the Markets go up -- despite what everyone thinks.

So I'm routing for ya -- Mayday - and anyone else still in the game.

 

[mayday]

I hope ya the best Birch !

Things look scarey to me -- so I'm glad to sit back and just enjoy the show. But from my perspective it feels a thousand times better making MONEY when the Markets go up -- despite what everyone thinks.

So I'm routing for ya -- Mayday - and anyone else still in the game.

Birch is always in the game Steady.

 

[Steadygain]

I can see Russia (a.k.a - C Fund) starting to rear it's ugly head :laugh::laugh::toung:


Ahh man -- sometimes I crack myself up


Well lunch break is over

 

[Birchtree]

"The primary driver of the rally going forward will be the continued skepticism by investors. (just watch the MB). Although the recovery has been less than robust it has outpaced expectations and JP Morgan believes this trend will continue."

http://pragcap.com/jp-morgan-things-are-looking-up

 

[Birchtree]

"Today the yield curve is steeper than at any other time in history. This is the bond market's way of saying that short-term rates are exceedingly low, so low that they will have to rise by a LOT in coming years. The Fed has been keeping rates artificially low for quite some time now, and they will have to correct for this by raising rates by a lot in the future. The only thing we don't know is when they will begin raising rates."

http://scottgrannis.blogspot.com/2010/02/fed-is-behind-tightening-curve.html

Well we took out 10,377 and are now holding 10,385.60. The number 10,725 is on the horizon by the end of the month. Snort.

 

[Steadygain]

Birch,
When did you go back to 100% ??

I thought you had 5% in G --- and were ready to put another 5 in




It's good to see the ole Birch back -- seriously --- but man I'd pretty much resigned to the idea of you being in G. :worried:


All the more I hope you enjoy the sweet warming comfort of mature on these cold winter days and may it rise all the way up to your neck.

 

[Birchtree]

"Is the correction over?"

http://pragcap.com/is-the-correction-over

 

[Birchtree]

The VIX is getting ready to drop into the zone of below the 20 level. Soon it will be time to peel off a little S fund.

 

[Birchtree]

The VIX just put in a daily low of 19.73 down 0.90. We could be setting up for a nice last hour close to the iupside although now we're only up 11 points. When we were up 27 points I was ahead $97K on the four days of trading - so I need $3K more on the close to make a $100K week. Next week I'll have five days working in my favor.

 

[Birchtree]

"Peter Lynch: This is 'extraordinary period' for investing."

http://theguruinvestor.com/2010/02/19/lynch-this-is-extraordinary-period-for-investing/

 

[Birchtree]

The oceanic only took in $94K for the last four trading days - I plan to do better next week. I'm still $126K short of the $1M off the March bottom - but I'm on the comeback trail again. It would appear this current V shaped move upwards will recruit new investors as we continue our move higher. If the market can break through the 1120 level next week this would be a very bullish sign and should mean more ground to be made and the next resistance level is not until 1228.

 

[Birchtree]

Bespoke says: "Since the March 2009 low, the S&P has suffered four drops of 5% or more, with the recent dip the worst (7.6%). Stocks rose 18.7%, on average, after the prior three dips." I think we're up 6% so far.

Morgan Stanley says: "U.S. stocks outperform when the dollar rises and Europe falls. The lesson - just buy the stocks you like and that you think are cheap. Ignore the dollar, these correlations can appear and disappear thus it's best to just focus on picking up good companies at low valuations."

If rates are rising in the context of a growing economy, the market can advance.

 

[Birchtree]

http://pragcap.com/chart-of-the-day-the-huge-earnings-rebound

 

[Birchtree]

http://pragcap.com/the-one-chart-that-scares-richard-russell

 

[Birchtree]

The VIX is getting ready to go negative - this may be a harbinger of a better close. This market could pop higher on a dime with light volume. Bring it to me.

 

[mayday]

The VIX is getting ready to go negative - this may be a harbinger of a better close. This market could pop higher on a dime with light volume. Bring it to me.

Coming down to the last hour of the trading day anything can happen.