Birchtree's Account Talk

[WorkFE]

BT,
I got roughly 35 hard core S funders right behind me. If it pops tomorrow I may need you to call a MEDIC.:laugh:

 

[crws]

BT,
I got roughly 35 hard core S funders right behind me. If it pops tomorrow I may need you to call a MEDIC.:laugh:

Medic72 dead ahead @ 57!
You can make it!
Just like a video game, you get to the next stage, you get a life refill.

 

[WorkFE]

If the S fund runs wild I might see 157 way before 57:laugh:

 

[FAB1]

How far are we above the 200 EMA now?

That much? Really?

Watch out for the rubber band effect, its coming.

 

[Bquat]

Hey Birch, the market is hesitating right now. Add some bullish coment to make the short sellers cover and push us back up.

 

[Birchtree]

I'm in buying trying to do my best: INT, RES, CBL, FNB, STI, BCS, HD, AGCO, DW. And if that doesn't help I may come back later and buy a few more wall flowers. I'd accept a small pullback that would be healthy since I've already earned some buying power and set us up for a run into the end of the week.

 

[Bquat]

I'd accept a small pullback that would be healthy since I've already earned some buying power and set us up for a run into the end of the week.

Might be getting what you wished for and you might just have posted just in time.

 

[Birchtree]

Making a few more tender nibbles while the nibbling is good: WFC, FIS, AGO, FDP. Be in to win.

 

[Birchtree]

A little more sweetness for the base and then I'm done for today: TWIN, GCI, HNR, POL. Alright I'm ready for some weakness in the S fund. The VIX did hit an intraday low yesterday of 14.86 - so we're getting close to paying attention time.

 

[hotwings]

BT,

I'm nibbling on WFC too....be in to win!

 

[Birchtree]

http://www.marketwatch.com/video/asset/did-you-miss-the-bull-market-2011-02-08

 

[Birchtree]

"It is vital to understand that you aren't likely to be able to predict when or what will cause a trend to end."

http://www.financialsense.com/contributors/david-moenning/what-is-it-gonna-take

 

[Birchtree]

"Here are 11 recent facts and figures that appear to be pointing toward sustained economic growth and a bull market that is here to stay."

http://www.marketwatch.com/story/the-bull-market-is-here-to-stay-2011-02-10

Not buying today because I ran low on money - I'll have to wait until I earn more buying power from unrealized gains - I'm only $17K away from that point. I could sell something and take a profit to raise cash but that is not my temperment unless I'm looking at a solid sacrifice. So I'm just resting until Ferdinand kicks in again and that could be tomorrow.

 

[Birchtree]

"Stunning Data: Obama's first two years a complete disaster."

http://www.marketoracle.co.uk/Article26220.html

The Egyptian Army may have Mubarak on a plane by morning.

 

[Birchtree]

Member #4 RDJ67 has moved to the lily pads - he sure has more courage than I do getting out of this bull rally. I'm reminded that bullish sentiment stayed or exceeded 50% during a 28-week stretch between August 14, 2003 and February 19, 2004. Currently optimism has now topped 50% nine times during the last ten weeks.

 

[JTH]

Member #4 RDJ67 has moved to the lily pads - he sure has more courage than I do getting out of this bull rally. I'm reminded that bullish sentiment stayed or exceeded 50% during a 28-week stretch between August 14, 2003 and February 19, 2004. Currently optimism has now topped 50% nine times during the last ten weeks.

You've done very well for yourself openly climbing to the top off the backs of those whose intestinal-fortitude gave them the runs...

I'll be even more impressed if you slip some to the sidelines during the next down-turn.

 

[Birchtree]

Nah, no sidelines for me - why run the risk of betting against this strong a trend. I think we got more upside to run. I did notice we had a nice rally in the Transports today - perhaps leading the way again. Snort.

 

[Birchtree]

A good read for the hoofhearted.

"Even though stocks have been rallying for almost two years and the SPX has nearly doubled, many investors like JTH don't think we're in a bull market. What if U.S. stocks still have a long, long way to go for a long, long time, and we'll understand the reasons only later - too late for most to make money on it. Birinyi is looking for this bull market to rack up 162-210% gains from the March 2009 lows. This bull market has the strongest start of any in history. The real point is, don't get rattled, don't get shaken out; this is a long term rally." As I've been saying for a long time now we are in the beginnings of a mega trend secular bull market and it will make me wealthy.

http://seekingalpha.com/article/252069-has-this-rally-only-just-begun

 

[Birchtree]

"The interesting thing about 70 RSI readings in this bull market is that it has rarely stopped individual stocks from moving higher if they're in the right type of bullish pattern. The RSI readings often get well in to the 70's if not the lower 80's. This is not normal behavior, and shouldn't be looked upon as such, since normally, 70 will stop stocks dead in their tracks."

http://www.marketoracle.co.uk/Article26203.html

 

[jpcavin]

"The interesting thing about 70 RSI readings in this bull market is that it has rarely stopped individual stocks from moving higher if they're in the right type of bullish pattern. The RSI readings often get well in to the 70's if not the lower 80's. This is not normal behavior, and shouldn't be looked upon as such, since normally, 70 will stop stocks dead in their tracks."

http://www.marketoracle.co.uk/Article26203.html

I wish I understood what all the smart people are saying.