Birchtree's Account Talk

We just cleared Dow 10,350 and the race is on.

"The initial thrust out of one of these major cycle bottoms will usually gain 6-10% in the first 8-13 days. We are now 5 days in and up 6.6% so far. I expect we will see a test of the 200 day moving average before we see any significant pull back. These initial moves out of intermediate bottoms don't tend to wait around as smart money smelling blood in the street pile in quickly.

It's only the little guy, who doesn't understand what has just happened, that continues to fight the trend change. This is usually about the time that I see the technicians start calling for this or that resistance level or trend line to put a halt to the rally. They are, of course, assuming this is a bear market rally and it will soon be over."

http://www.safehaven.com/article/17473/bears-beware-ii
 
Golly gee, if this angle of ascent continues we may have another 'golden cross' before the week ends. The SPX just went over the 200 day EMA - if it holds....Snort.
 
There has never been a no wake enforcement rule on the tracker - so lily padders should hang on tight because a dual set of 200 hp Yahmahas are coming through and there will be a very large wake.
 
There has never been a no wake enforcement rule on the tracker - so lily padders should hang on tight because a dual set of 200 hp Yahmahas are coming through and there will be a very large wake.

Awe, isn't it cute when the old man decides to poke the anti-sheeple with a stick?

It sure does get lonely at the bottom doesn't it?

Meanwhile the beer up here is nice and cold due to the altitude and all. I'd tell you today was the day to bail, but you'd not listen to me anyways. But don't worry, I'll be sure to remind you when we break below 10000 again...
 
If you don't get off of your Hilary Duff I'll be drafting before you realize what has happened. I can already see your tail lights. When the Dow goes back below 10,000 I'll be 83 and you'll be 63. I'm looking forward to this bull ripping me a new one.
 
this HAS to be one of THE most entertaining threads on the board :laugh::laugh:
I'm thinkin' this round will go to Birch, if and when he passes me, the FNG! LOL
 
I'll take your target of +209 and be very happy - but my target of +238 would be the cats meow. My investment adviser is pushing me to raise some cash to DCA into my base of tender wall flowers.
 
Futures are flying after hours - must be using an instrument rating. Tomorrow could smoke the bears and make me a lot of money.
 
I'll take your target of +209 and be very happy - but my target of +238 would be the cats meow. My investment adviser is pushing me to raise some cash to DCA into my base of tender wall flowers.

Are you saying your cat is speaking again?
 
Futures are flying after hours - must be using an instrument rating. Tomorrow could smoke the bears and make me a lot of money.
Hmmm, I am still waiting for S&P 1500 to get out of the hole and start making money. Could you hurry that up? :)
 
Sold more PVH at $49 to raise cash for my lovely wall flowers: bought AKS, TKR, TEN, AIT. I'm trying to be cautious but at the same time to take opportunity as the market continues to rally. Saving some coins in case tomorrow presents the case for lower prices. However, China will show its' second quarter GDP and anything over 10% will push up my commodity stocks. If we by chance hit the accelerator later today I'm coming back to chase my wall flowers around the garden. Building a portfolio is a lot like gardening - never gather all your veggies at once and keep planting when you have more room.
 
So the FMOC says 5 or 6 years of slow growth before the economy heals - I like that. It means this mega trend secular bull market will rally for many years into the future. I'll keep reinvesting my dividends and building my income base. I prefer the slow approach and every DCA type in the TSP should also - buy as many shares as possible while working. I think we get a late day up leg.
 
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