Birchtree's Account Talk

[Steadygain]

Well Skittle Scats just called a few minutes prior and is wondering if I can meet her at her favorite resturant.

I make up names for her - like this one - totally ramdom and 'as the one just mentioned' ....it's unlikely I'll use it again.

Man - this is her last year at home Birch -- so it's really flipped out.

Anyway -- I need to run -- to get there in time. It's a 'family resturant' with a bunch of 'old' local people called the 'Hen House'.

My little honey bee (wife) will be there too.


BTW - I'm 100% G Fund -- cause we need some 'pansies' to balance the mix.

Later man

 

[Afishegg]

Confused, why did market drop on 600 QE2 when expectation was 500?

________________________________________

I know right!? I guess the experts were right when they say that the elections and Qe2 were already figured into the recent gains. I pulled out and am now into the F and G fund 50/50 waiting for the sell off which I believe IS coming, I believe this explains the market not moving today like everyone thought it would. All the experts are screaming that the market is overbought and is heading for a pullback and I'm starting to believe, problem is for me I used my 2 IFT's already. I got the 1.42% gains on tues, but now I have pulled the plug and can't do anything more. Which leads me to my next question! I just DO NOT understand why STILL, in the day of terrabyt hard drives and umpteen terraflop Supercomputers,we can't have 3 or more IFT's a month as well as buy and sell our shares up to the minute or the second!?!?!?!?!?!?!? hmmmmm

 

[Birchtree]

"The following chart from Contrary Investor illustrates the presidential cycle and the stock market, in which a significant low occurs near the end of year two and a large rally occurs in year three. Throw in another round of quantitative easing by the Fed and there is certainly potential to have asset reflation next year."

http://financialsense.com/contributors/chris-puplava/night-of-the-living-fed

 

[Birchtree]

I'm sacrificing by leaving good money on the table with my 20% G position - that's not the pain I've been wishing for. I will hold firm for another week and then toss the towel if we haven't yet had a consolidation. There is plenty of time left to make up for lost gains so I'll wait patiently for the coming damage to occur.

 

[Birchtree]

The VIX got smashed today on the close to 19.50.

http://pragcap.com/equities

 

[JTH]

Confused, why did market drop on 600 QE2 when expectation was 500?

The market is like an old married couple. While the anticipation of getting laid is still fun, when the deed is done you're ready to roll over and go to sleep. Or you could just say buy the rumor, sell the news.

 

[Gumby]

The market is like an old married couple. While the anticipation of getting laid is still fun, when the deed is done you're ready to roll over and go to sleep. Or you could just say buy the rumor, sell the news.

Good analogy...... What is the FED Viagra going to do? More speculation overseas?

 

[Birchtree]

Doing my best to support this bull market - buying on the highs: BP, MEE, JCI, CE, ACI, ANR. I'm chasing some of my commodity type stocks.

 

[Birchtree]

A big shift by dumbo egg plant to allow the continuation of the Bush tax cuts for everyone. Today could possibly take us above the April SPX of 1222. Also, today may be my first ever time to pull down $100K in a day - just saying. I've considered myself fortunate if I could make that much in a week but I do have a goal to reach.

 

[WorkFE]

Could we see that 20% tomorrow?
Burning a hole in your pocket:nuts:

 

[GUCHI]

WF
OH, SO YOU HAD TO GO THERE!

 

[Birchtree]

If we can't crack this cookie next week for a short term consolidation then the 20% goes back to work - until then I'll be satisfied with my gains off the remaining 80% position. I'm waiting for the small caps to surrender some of their fluff or froth - then I'd like to buy the S fund. If I miss that opportunity then I'm back into the I fund as a large cap.

"A day with roughly 70% of stocks advancing would improve the odds of the S&P 500 moving toward 1230 to 1250. While things look good at the moment, just when investors begin to get more confident is typically when we need to be on 'correction alert'. A weekly close above 1198.56 would add to the bullish evidence."

http://www.safehaven.com/article/18815/markets-early-reaction-to-qe2-is-bullish

 

[fedgolfer]

Just when your bull bravado starts going viral, you turn into a swing trader! Ha!

Anyway, yeah, my next buy will come with a pair of sticky pants to last several months.

 

[Birchtree]

We have 325 online today - that may be a new high. There are 281 guests lurking as this bull begins to attract attention - that is initially OK but sooner or later that becomes bad news for the contrarians. Just wait until the bond holders start to puke and see how high liquidity can push the bullish sentiment and this bull into 2011. Make me rich. Check that, I'm wrong on the numbers but it's coming - see it as a sign for caution.

 

[Birchtree]

fedgolfer,

I'm just trying to maneuver past you on the tracker. The only way I can move up is for the S fund to exhale and I believe it will at some point. Until then all I can do is draft the herd.

"Ben Bernanke trying to inflate the stock market."

http://www.marketoracle.co.uk/Article24012.html

 

[Boghie]

Birch,

I have a decent number of Tree Frogs ahead of me to overcome. However, there are some hard chargers on my six.

Better watch that 20% in the Lilly Pad.

Comin' to get ya

fedgolfer,

I'm just trying to maneuver past you on the tracker. The only way I can move up is for the S fund to exhale and I believe it will at some point. Until then all I can do is draft the herd.

"Ben Bernanke trying to inflate the stock market."

http://www.marketoracle.co.uk/Article24012.html

 

[WorkFE]

If we can't crack this cookie next week for a short term consolidation then the 20% goes back to work

I need the consolidation. That is my only play that does not involve the BT Pain.

 

[Birchtree]

According to Dow Theory advances by both the DJIA and DJTA beyond their most recent peaks confirm that stocks can continue to rally. SPX needs 1217.28 for the April high. The Price Momentum Oscillator (PMO) shows a market that is as overbought as it was at the April highs. And PMO has just given a crossover sell signal. I think we take out 1222 on the close.

 

[WorkFE]

Less than an hour to go. I think you are right, a late day push over the top.

 

[Birchtree]

It won't be long now and I should start seeing some stock splits - got one already (AOS). But there will be many more as price leads to the upside. Already dividends are starting to increase with all this balance sheet available cash - Obama is ready to kiss small business.