Birchtree's Account Talk

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Which way is the wind blowing? Who knows!
I think I am going in Friday night to test the triple witching week theory of 69% positive weeks of the prior 3W days.
I posted about it here, but no opinions as of yet.
http://www.tsptalk.com/mb/showthread.php?t=8465

Then there is this, and who knows what that will bring, even though it's something we all know, right?
http://www.marketwatch.com/story/eco...ive-2010-06-10
Jon Markman's Speculations
June 10, 2010, 9:40 a.m. EDT
Beyond the Ouija board

Commentary: Economic predictor set to turn negative, spook market

I was 20 G, 80 S all through the bull, and bailed the heck out in April right when GS got hammered. The next week the oil rig blew, so even though being in G for that time trimmed my peak PIP of 60 some-odd % down to 42%, I have a little leeway to gamble (what it is, basically, right?)
-But as I was mentioning to CH last week, this market is psycho, and what happens one day could easily be reversed the next.
I personally think 10K will be more like the top for a while, given the big economic picture, I mean, we were at 14k for an all time top, is the economy 25% less robust now? I think so...
 
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High TRINS in the past have shown a consistency of a price bottom. The last time sentiment got this bearish the market rose higher for over seven months - that was in February 2007 when the TRIN gave a reading of 18. SPX 1080-1084 is the resistance zone to over come for the bulls - a move and close above those levels would provide guys like me with a new start and life.
 
crws wrote:

I think I am going in Friday night to test the triple witching week theory of 69% positive weeks of the prior 3W days.
I posted about it here, but no opinions as of yet.
http://www.tsptalk.com/mb/showthread.php?t=8465
Click to expand...


Lot of interesting info there. I am anxious to see how next week plays out as well. With a big up (so far) today, I was tempted to pull some out. But I too
want to be in for next week... So I will stay all in, and hope tomorrow is not
another bloody Friday!
 
I took Friday off, went 50 G 50 F for the day. First move out of S in awhile. With such an obvious up day, you know the gains won't hold tomorrow. Gonna have to learn to be nimble this summer.

Stickan's astral chart is bothering me a little too.
 
The nature of Uranus, is to swing widly back and forth. This is the nature of Jupiter too, to make large price movement each way. It is part of the nature of Aries too, an action sign which likes things to move fast. Today and perhaps tomorrow we swing up.
 
Got some nice $K working for me right now - but if I could get back my devaluations in both my accounts from last Friday I'd be a very happy camper. Tomorrow could rock because there is so much fear in not trusting this rally - sentiment is still on the growl and that's perfect from my perspective. Every time I catch a bear claw I pull out the super glue to seal the wound - an old Vietnam trick that still works.
 
Ummmm, tasty:toung:

What will I do after we pass the Single Cell life form?
What to do?
Panic:p

Then again, we have the Black Swan flying up there. Will anyone ever listen to him. Maybe some of the smarter Libs will lock him in a cushioned room...
 
Birchtree said:
Thread 8770 has a mention of Carter.
Click to expand...

I think Treece might be just a bit optimistic.

Our current Black Swan President hasn't had his wings completely clipped by failure. Actually, maybe he has. Is that why he hasn't yakked for a week or so?

Have the reasonable Democrats hid him in the attic?

Please, Mr. President, stop yakking.
 
Boghie said:
Ummmm, tasty:toung:

What will I do after we pass the Single Cell life form?
What to do?
Panic:p

Then again, we have the Black Swan flying up there. Will anyone ever listen to him. Maybe some of the smarter Libs will lock him in a cushioned room...
Click to expand...

Whos the smartest person in the room? I'm thinking of taking my considerable amount of C and S and holding through next Tuesday.:worried:
 
I just found out that the NYSE breadth MCO has moved above its zero line and the components have crossed over signaling a buy. What's amazing to me is that with this correction of 14% there was a new all time low in the MCO telling me there was more selling than anytime in history - this means it was worse than March '09. This market is definitely in value territory for those with courage of conviction. By the way, the MCO measures the short term trend direction of the advance/decline line. Let the rally resume. Even a flat close would be a win for the bullish hoofhearted.
 
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The VIX just dropped below 29 - I was one day late but never sorry. This market can hurt a lot of short hair bears in the next 15 minutes - clapping.
 
Birchtree said:
I just found out that the NYSE breadth MCO has moved above its zero line and the components have crossed over signaling a buy. What's amazing to me is that with this correction of 14% there was a new all time low in the MCO telling me there was more selling than anytime in history - this means it was worse than March '09. This market is definitely in value territory for those with courage of conviction. By the way, the MCO measures the short term trend direction of the advance/decline line. Let the rally resume. Even a flat close would be a win for the bullish hoofhearted.
Click to expand...

Birch,

Could the MCO thany be affected by volume. I mean the only folks trading anything are a few retirees and a couple of barflies:p

I think I'll partake in another Samuel Adam's Summer Wheat ale!!!
 
I think I'll partake in another Samuel Adam's Summer Wheat ale!!!

Boghie: I think I'll take you up on that. :D
 
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