Birchtree's Account Talk

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It would be swell to see one more hit on the S fund of around $0.42 - but I have my doubts that will happen. The up cycles are applying too much positive pressure. Anyway, if it comes some blood will spill and a little bleeding is healthy. I'd be willing to take another 10% on the S fund just for fun. But I may just be forced to sit tight. The Amoeba is starting to get the picture - you need courage in this arena.
 
Birch,
You know it's the bonds we share as brothers -- as a Unit -- that makes us closer than anything else. It's who we are and what we are that made you insist on being a Marine and drove me to SF.

That integrity is the basis of everything we have ever been and continue to be -- in each and every day.

I love you man -- more than I could ever say.
 
Birchtree said:
JTH,

More and more good folks are stepping aside to the lily pad, recently: chemmie, lacaprup,
Quickstrike, and Mack-Daddy. The lanes are opening up
Click to expand...

I'm enjoying this nice relaxing pullback, perhaps volume will confirm when the bottom is in, at which point I'll be inclined to join you, full-in. As of late, volume as been heavy on the last hour of trading.
 
Look at those foolish kids in England protesting because their tuition is going up. That's what happens when they think they are entitled because of socialism - reality has come. Go get a part-time job and work your way through school like I did. Dumb butts.
 
There were protests at state Universities over here a couple years ago over spikes in tuition. It's not just the UK.
 
I see where #8 pokerstar629 is making a move to be #3. Even fedgolfer is putting money to work - this makes it difficult to take any leads. No pain today - but the higher we go the more risk for the hammer. But of course at this time of year we may not look back until sometime in 2011. However, I think we'll get a medium dose the first week in December.
 
Fear drives out greed in the bears and greed drives out fear in the bulls. From a previous post: "After this month both the 2-year cycle will be up until next September along with the 4-year cycle and 6-year cycle (which also peaks next September). With these three cycles in the up phase heading into 2011, the stock market should have enough of an impulse to keep the recovery alive and make headway through most of 2011 before the 6-year cycle peaks a year from now". It's never easy to be greedy when there are so many pessimists around - but it has to be done. Currently the advance/decline is not showing any divergences against price. I think we may be at the beginning of a ten year bull market where the potential to make money is just now being realized - back up the truck while the cheap sale is in progress. Snort.
 
i'm seeing the same thing. the inverted H&s of the nasdaq of the weekly candles going back several years is extremely well defined. Technically, it "should" inversely mirror it to the upside. Man, that would be a mega bull that would even get MC Hammer back in the $$$.
 
My plan is to pop another 10% into the S fund COB 11/11 and then wait for gains toward the end of the month and then start pulling DCA wise back into the lily pad in anticipation of a consolidation the first week in December. It's the only way I'll gain on the 100% S fund buy and holders. We'll see if this strategy has any merit. Until then make me money. I have 13 trading days to try and hold my position in preparation for any blind side hits.
 
Birch-
Here's to you, making it back alive,
and to those that paid the ultimate sacrifice and didn't.
FWIW, my generation, at least in the small town where I grew up- worshiped combat vets from Nam as real time heroes of our age.
I still recall how my friend Tim and I, in 4th or 5th grade, would walk around the playground during recess singing "The Ballad of the Green Berets".
Thank you for your service, and surviving the unjustified contempt when you returned home after a hellacious tour of duty.
 
I decided to cancel my most recent IFT - will wait and see how much more damage we get from the G20. I may just wait until tomorrow if the S fund sinks for another day.
 
Jeremy Grantham of some fame was interviewed by CNBC. The video is on their site although the broadcast is 4pm today. He was very bearish about the Fed's QE2 but included some snippets as he talked that might be of interest. At one point he used "QE3, 4, 5, 6" and at another point he said the S&P might rise to 1500 in the next two years. Of course then he thought it would burst and fall to 950.
 
Thanx - I posted his letter a few weeks back and he was definitely anti-Fed. Now today may bring some of the pain I've been waiting for and tomorrow may add a little more - or we bounce and I've missed an opportunity. Earnings are still coming in strong but we need a few lousy days to make me feel better.
 
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