Birchtree's Account Talk

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My oceanic was no great shakes this week with a small gain - -$109K, +$106K, -$66K, +$23K, +$70K for a precise gain of +$24K. I know there is a +$300K week in my future real soon - I just have to remain disciplined and patient. We did manage to take out both the SPX and DOW 200 EMAs so that's progress for sure.
 
Birchtree said:
If Monday is explosive the VIX will drop below the 29 level - I can't wait to buy more sweet wall flowers. "Better earnings and record profits in some recent quarters have helped fill the coffers of nonfinancial companies to the tune of $2.05 trillion in cash and other liquid assets as of the end of June, the most since 1963." Once Obummer is boned out the money will flow and jobs will be created.
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I would love to see the VIX fall below 30 and keep dropping. :D:D
 
I just reread the previously posted article by Ciovacco. So I'm thinking as a dreamer that we are only 37 SPX points away from the 200 day simple moving average at 1275. This means that Monday could be a pivotal day with all the money on the sidelines ready to jump into the market. We came down so fast over the summer that we could now explode upwards if the hedge funds and mutual funds decide they will miss a tremendous opportunity to buy cheap. Until we get the golden cross I'm going to remain an aggressive buyer of my wall flowers. While buying stocks when no one else wants to is very difficult the huge rewards are well worth the pain. The breadth of market is still very positive now that we have a continued confirmed breakout above the intermediate term declining tops line on the NYAD. Let's just hope we don't get another bull market correction of consequence in 2012. Snort.
 
Third quarter GDP to be released Thursday. SPX is now up 9.4% for October, on pace for its best month in more than 11 years. Stocks have ping-ponged between gains and losses for 10 days. The last time that happened was in May 2009, as stocks were taking off. I have dumped $550K back into the market in the last two weeks - I would hope to be fortunate enough to continue my spending ways. Since August 5th I've made 801 DCA purchases into my base while probing this correction and now buying the potential recovery rebound. Currently breadth is now leading price to the upside. We'll take out the SPX 200 day SMA at 1275 in no time at all - there is nothing worse to create anxiety than sitting at the station as the train leaves. I've got $214K sitting in my flower pot and I'd like to spill every dime if this market propitiates. The Dow 200 EMA went out at 11,643 and the Dow 200 SMA is just under 12,000 - my oceanic account is going to blossom.
 
I'm buying early this morning just in case we are on a runaway train: KEY, ASH, AYI, BAS, FIS, MT, SDRL, GLT. There are so many opportunities to build for the future.
 
The VIX just went into the 29 level - do the technicians care? I'm still throwing money into the bull arena: TRW, AME, CE, WAB, NFX, GMT, CBI, SXI. My small caps are going to provide some nice flower power for tomorrow providing we hold.
 
Birchtree said:
The VIX just went into the 29 level - do the technicians care? I'm still throwing money into the bull arena: TRW, AME, CE, WAB, NFX, GMT, CBI, SXI. My small caps are going to provide some nice flower power for tomorrow providing we hold.
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S fund almost 4.5%
 
It's going to take a lot of money to fill up the rabbit hole - but I'm trying: HP, URS, PCL, OMN, DY, DW, WFC, NI. Yes, small caps are cookin today which is common in an early bull leg. And the NYSE A/D line looks like a shooting rocket.
 
Something is going on. The charts haven't changed but the S fund has corrected from 4.6% to 2.45%
 
If we get a plan hammered out of Europe by wed to deal with the crisis as they have said they expect to happen, then you'd better hang on with both hands cuz we could see a short term rally like no other.
 
Afishegg said:
If we get a plan hammered out of Europe by wed to deal with the crisis as they have said they expect to happen, then you'd better hang on with both hands cuz we could see a short term rally like no other.
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Across the board or maybe just in the I fund?
 
I would imagine across the board but I would imagine I fund might get really hot for a second or two. I recall some analysts on the boob tube saying however that even if there is a plan that comes out well be talking about greece in another 6 mos from now when they need more money,so that will be worth taking into consideration. Time will tell but looking more and more positive over there....
 
When a rocket reaches anti-gravity it requires less fuel to keep the momentum forward working. Dow 12,000 is not that far into the horizon and many money managers are still at the launch pad getting a strained neck. I've got more wall flowers to pick.
 
I'm trying to be cautious not to out spend myself incase we back up on the day. So far I'm still buying: RDC, MOS, GT, BTU, MCP, KWR, GPC, AKS, ANR, OKE. It would seem good news from China is helping me today. I'll purchase a few more coal stocks if the bull holds the gains.
 
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