Birchtree's Account Talk

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I wish we could go back to the days when the world was a clam...

...and we just drifted through various shades of mystic clouds...







If I could do anything -- I'd make a time machine -- go back and freeze in that moment forever
 
My daughter just received a job offer as a program manager for a company in the Chicago area - so it would seem the economy is growing. It took two months for her to find good employment. This company likes to recruit ex-military officers and I hope she enjoys the training program and eventually the work.
 
Birchtree said:
My daughter just received a job offer as a program manager for a company in the Chicago area - so it would seem the economy is growing. It took two months for her to find good employment. This company likes to recruit ex-military officers and I hope she enjoys the training program and eventually the work.
Click to expand...

I'm thrilled for her Birch !! My first thought was 'Chicago' -- wow that is a HIGH cost of living -- pretty expensive. Then I immediately realized that Silverbird would say -- Expensive -- are you kidding me they're like half the cost 'we' have to pay. :rolleyes::( So it's all relative.

I hope she gets the hankering to drive a few hours South and see what it's like to sit on the back porch, walk through the yard, pet my precious baby -- and just take in everything and see how good life can be.

I hope she enjoys the training program and eventually the work.
Birch -- from a totally objective perspective -- seriously -- with you and 'your wife' as the examples she's been grounded in ... with serving her country the way she did and having the rank and respect and all ...

She will make the very best out of whatever she's doing and no doubt will enjoy the work because she will excell.

Take it from me Birch -- I'm a neutral -- objective source
 
Birchtree said:
My daughter just received a job offer as a program manager for a company in the Chicago area - so it would seem the economy is growing. It took two months for her to find good employment. This company likes to recruit ex-military officers and I hope she enjoys the training program and eventually the work.
Click to expand...
Congratulations to Birch's Daughter...Is this the one you were giving her pointers for her interview?
 
Birchtree said:
What are the chances that I could get a rally today that would knock my socks off.
Click to expand...


Absolutely nil. Everybody is waiting to see what will happen when the housing stimuli are removed (end of March), and the Fed finally raises interest rates (anyone's guess). The market is building a top, not a base, and the next move is going to be down, and sharply down if next friday's job report disappoints.
 
And there we have it....strong sense of down versus strong belief of up. Seems to this undereducated reader that most of the people saying "up" are looking in the rear view mirror on stats and have an implicit faith that America is an unfetterable engine. Most people saying look out below are either moving their timeline for catastrophe or reducing the predicted amount of a fall. This supports paralysis .....

One guy by Santelli this morning (the trader next to him in the rant heard round the world) said that wealth is staying on the sidelines while the government comes to decisions. Steve Wynn yesterday ranted on his conference call about everything from who is considered wealthy and the devaluation of the dollar. But it was an interesting read on seeking alpha.
 
Moving my timeline? well, of course, because the timelines for the various stimuli, extensions on unemployment benefts, moratoria on home foreclosures, indications of interest rate rises, etc., etc., are moving targets as well. And by moving, I mean moving out - to some less and less certain future time that never seems to come. But come it will, and the later it comes, the farther and faster, this market will fall. It will blow off the doors; who remembers the last Alamo? 2008 saw 500 points come off the S&P in under 20 sessions.

How quickly we forget.

Can the market go higher before it falls? Last time (check my thread), I said yes - if it doesn't break 1050 it could go to 1100 - which it did. Now we are there. Change comes when you least expect it....hell.....I'm not even expecting the market to tank.
 
"We are heading into a period of positive seasonality, as the month of March has produced the third-highest returns of the past five years, and the second highest returns during the past 10 years."

http://www.schaefferresearch.com

I have 15 dividends coming into my oceanic account on Monday for reinvestment - I could go for a 100 point Dow loss but I'm not that lucky. I'll just have to take what fate provides.
 
It's time to hang on tight. The primary trend of the stock market according to Dow Theory would be confirmed as bullish if the DJIA and DJYA can close above their January highs at 10,725 and 4262 - probably by the end of the week. The VIX could break into the 18 level before we close.
 
Yup, another typo. The NYSE composite at 7083 was providing resistance - that has now become support. Could we take out SPX of 1120 today?
 
"Oh, here it comes again!" That quote is from a pharmacist I used to date many years ago.

"At this point, we continue to resemble the mid 2003 period. As long as the market finishes each month above the 20 month EMA, we have to concede that we're in the beginning stages of a new big bull."

http://www.marketoracle.co.uk/Article17557.html
 
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