Birchtree's Account Talk

[maabee6]

I have an IFT question for you BT! Beginning today, I was sitting at 10% - G & 30% C/S/I. I would like to know if I had moved to a 35/35/30 - C/S/I, would that re-balance my existing positions to the current share prices? I don't want to lose my current share price positions on the C/S & I, but not sure if I should leave 10% in Cash or get all in on stock.

Thanks,

 

[Birchtree]

Every day the market goes up you will pay more in price to get in - now is the time to be fully invested for at least the next few weeks. I'm looking for the first week in December as a possible point to pull back a little for another healthy consolidation before the Santa rally to end the year. The easiest strategy would be to just ride through any future give back until Spring. Hope that helps.

 

[maabee6]

So if you were in my position, you would take the 10% in G and move over to C/S/I? Will that 10% be the all that ends up buying in @ today share price? Sorry, just trying to get totally accustomed to what happens during this type of transfer.

 

[Birchtree]

5% will buy you more C fund shares and the other 5% will buy you more S fund shares. The higher the price goes the fewer shares you'll purchase. Theoretically your 10% should have been put to work on the COB Friday - but you are in good position already so paying a little more won't hurt that much. We may go higher all week. Snort.

 

[maabee6]

Thanks a bunch, you clarified that for me. I just want to make sure and get all the possible money I can working for me during any upward movement.

 

[Birchtree]

"Stock market trading plan into year end."

http://www.marketoracle.co.uk/Article24306.html

 

[Birchtree]

I noticed #25 ABN18 has moved to 50G - yes the lanes up ahead are slowly clearing. I'll have to use my Smarty Jones strategy for awhile and hold behind the pack before I make my final move on the long stretch into the yearly close. There is an interesting race going on between Amoeba and Prometheus for the #400 ranking - my book is on Amoeba getting the prize.

 

[prometheus]

lol, Birch, is that the kind of distinction I want? Hoping to make some major gains with the Bulls, once this thing gains some steam, mid-week. Best of luck

 

[Birchtree]

I've been begging for some pain for several weeks and now here it is - I'm so blessed. This is an opportunity to buy a few more wall flowers: AGO, BHI, AKS, EP. When the bull returns I'll be that much further ahead. Take us right on down to the 50-EMA at 1165 - it's a normal reach in a bull market.

 

[FAB1]

lol, Birch, is that the kind of distinction I want? Hoping to make some major gains with the Bulls, once this thing gains some steam, mid-week. Best of luck

Is that one of the Cowboy Bebop guys in your avatar or something else?
Been a long time since I watched any modern anime.

 

[prometheus]

It IS Cowboy Bebop, one of the baddest cats of all time. The show only ran one season (26 episodes), & there's a movie as well. All very good.

Is that one of the Cowboy Bebop guys in your avatar or something else?
Been a long time since I watched any modern anime.

 

[WorkFE]

May get that 17.75 just yet BT

 

[amoeba]

I have only one thing to say:

WET POWDER

 

[Birchtree]

Amoeba,

You're gaining on that #400 ranking - looking for that gilded lily inch by inch.

qwert,

You go guy - buying more C fund is the right approach especially on a day like today.

CRWS,

You got more courage than me taking on 100F - you'll get a good wash.

 

[Birchtree]

And another one bites the dust - #7 Futures Trader has gone to 80G. The S fund is going to get crushed and that is part of the strategy. The Sentiment Survey will take the tracker lead today - so bask in the warm glow while it lasts.

 

[crws]

CRWS,

You got more courage than me taking on 100F - you'll get a good wash.

Buy when nobody wants it, right? :laugh:

 

[FAB1]

ITs good to know my memory function isnt completely shot.
Now as for remembering anything IMPORTANT... :blink:

It IS Cowboy Bebop, one of the baddest cats of all time. The show only ran one season (26 episodes), & there's a movie as well. All very good.

 

[Birchtree]

C'mon boyz take $0.42 out of the S fund - make it hurt. Make the last 30 minutes a real panic to the down side. We can handle it - if not bail tomorrow. I'm holding long and strong.

 

[JTH]

This type of slow & steady decline has a tendancy to trigger a multitude of momentum based trading systems. Part of today's excessive pain is a result of sell orders getting executed.

As for me, let's get real here, we haven't even retraced 38.2% of this last September wave up, therefore I see no reason to be concerned (based on the trading limits within the TSp system.)

 

[tsptalk]

This type of slow & steady decline has a tendancy to trigger a multitude of momentum based trading systems. Part of today's excessive pain is a result of sell orders getting executed.

Yes. Trend traders are now less than 10-points away from a sell short signal (20-day low) for the S&P.