Birchtree's Account Talk

[Birchtree]

"The current uptrend should then be intermediate three, of Major 3, of Primary III. The mid-point, in wave structure, of the bull market. New all time highs again on the NYAD - we are experiencing a breadth thrust lift off." With the idea that Primary 3 is still in its early stages of unwinding to the upside as it relates to the NYSE group of stocks we will undoubtedly see many more multiple 3 digit Dow up days in a row in the future. Keeping in mind that the center point of three will have the most amount of participation by both breadth and volume related charts. I smell wealth. Within Elliott, the third of the third is known as the point of recognition, the epi center of an enormous advance.

http://www.marketoracle.co.ul/Article29027.html

http://www.marketoracle.co.uk/Article29024.html

 

[wwwtractor]

.ul should be .uk in the first link. I added them to delicious below. Thanks for the encouragement. I am moving on up in the AutoTracker after getting discouraged and hanging out in the G fund for a while. Since we do not have a hard asset fund here I am using my Roth as my hard asset fund and it is doing well with SLV up over 50% since I bought it and EWL as a currency play until fall.

 

[Birchtree]

It's an important link.

http://www.marketoracle.co.uk/Article29027.html

 

[Mista_Magee]

My oceanic stock count is currently I believe 326. If I were starting a Roth IRA I'd have to go with stuff no one likes but are paying good dividends. The website http://www.seekingalpha.com often offers good suggestions listed under articles. I like PFE, MRK, BMY, EBF, DLX, MSB, OLN, UDR to start.

Thanks for the info. I'm doing the "gentle" roll-overs into Traditional then "gentle" conversions into Roth.

 

[Birchtree]

"I still don't rule out a PE of 15, which would get the market to 1675 if it were to happen in the next six months."

http://seekingalpha.com/article/277838-s-p-500-very-likely-to-eclipse-1-500-level-by-year-end

 

[Birchtree]

Here is my painfully sad story for today with lesson attached. Back in February 2010 I sold my block of AMN (Ameron Int) for a nice profit. Today it is up $18 to $85 as a take over candidate. The lesson here is try not to sell anything in a bull market especially like we have now. Can you feel my pain? Snort.

 

[Birchtree]

"The sheer height of last weeks bar is stunning. From 1268 to 1339 - a 71%move - is effectively unprecedented. From just a trend following perspective, it's the strongest buy signal we've seen in ages."

http://seekingalpha.com/article/277911-weekly-market-outlook-what-now-after-last-week-s-huge-rally

 

[Birchtree]

http://pragcap.com/a-breadth-thrust-signal

 

[vegasmith]

I was a doubter when you said VIX to sub-15 and new year highs in the markets by the end of July. Well Birchtree, I stand corrected. Based on what the VXO and DJT have already done last week I think it's safe to say you were right. Now if only you could tell us if we'll get a good buying dip between then and now. Hehe.

 

[Birchtree]

"How has dollar cost averaging performed in the U.S. stock market?

http://www.marketwatch.com/story/how-to-beat-the-market-without-even-trying-2011-07-06

 

[Birchtree]

Yesterday I had 15 dividends roll in for reinvestment - that's my DCA policy. Today I have only 4 dividends due so if the markets wants a accelerate I'll just accept my fate and pay a higher price. Sure did get some bargains though in June. I'm thinking of taking a few bites today on strength - nothing wrong in chasing strength because in two days we'll be even higher.

 

[Birchtree]

I was forced to increase my CSX position since they completed their 3 for 1 stock split. Here are today's flower power buys: CSX, BLT, GBX, OMN, OLN. I'll be glad when I reach the point once again when I can buy with impunity - c'mon Ferdinand gore a few tasty bears.

 

[starfox182]

I've been getting killed the last 2 weeks....

 

[Birchtree]

It's hot time summer in the city - watch the bears begin to cover later today.

 

[jpcavin]

It's hot time summer in the city - watch the bears begin to cover later today.

You just reminded me of an old song.....
http://www.youtube.com/watch?v=zWXcjYNZais

 

[Birchtree]

I had just finished High School in June 1965 and remember the song well - by November 1967 I was in Vietnam.

 

[Elgallo]

I had just finished High School in June 1965 and remember the song well - by November 1967 I was in Vietnam.

We seem to have much in common BT!!

Remember this one....I certainly do.


http://www.youtube.com/watch?v=jxNEiZhpinY

 

[Birchtree]

Elgallo, you just gave me a case of the chills. That song is so reminiscent of Vietnam for those that served.

 

[jpcavin]

I was wondering if you guys have watched Good Morning Vietnam or if it was too difficult to sit through it. If watched, what was your opinion of the film?

 

[Elgallo]

Elgallo, you just gave me a case of the chills. That song is so reminiscent of Vietnam for those that served.

Here's another one....
http://www.youtube.com/watch?v=vLBKOcUbHR0

Just for your infomation John Denver died in a plane crash just off of Pt Pinos in Monterey CA, my home town.