Birchtree's Account Talk

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I read the article you posted yesterday listed as "here". Very interesting. I'm sure on the other side of the coin someone could post an opposite article quoting a number of facts showing the market will turn bear tomorrow, but it was nice reading that article and it makes alot of sense. I've got my fingers crossed for all of us! :D
 
That's a very nice flag in preparation for next week - we should rally like it's a stampede. Well what happened to the oceanic this week. It could have been worse but now that we have consolidated it will get better: +$21K, -$46K, -$1K, -$75K, +$40K for a gentle loss of -$61K. So we'll live to play another day for sure. I'm still running positive for the month of March so far. Lots of dividends due next week which is always pleasant.
 
I'm feeling like the Ancient Mariner with signals and more signals everywhere and none to follow. I'm playing on the tracks as the Grand Trunk approaches. Millions of investors are fleeing stocks and that is purrfect for a renegade contrarian. So get prepared for the moonshot to SPX 1500 and beyond real soon.
 
The VIX may be wearing a pair of sticky pants today - it's real slow coming down. VIX is at 14.61 off 0.21 and will take several months at this rate to edge into the 12 level - I guess that's good from a contrarian standpoint.
 
Four day trading weeks are usually never a plus for my oceanic account. This is what happened last week: +$46K, -$27K, -$68K, -$17K for a give back of -$68K. That is now a three week consolidation of -$146K plus a 4% decrease in my tugboat account. However, my wife managed to pull in +$86K in her defined contribution plan for the last six months so all is right with the world. I am reaping the beauty of dollar cost averaging with my dividends over many years, so I have sympathy for the folks that react to evey slight move up and down in the markets. "If we pulled back 5%, it would feel like death. But in truth, it would do little to the bull market technicals. Most of the areas of this market are in bull market mode."
 
Thanx JP. I've learned that it is not possible to demonize Barack on this board - however he himself has freedom to demonize ....whomever with impunity. So how many dollars will I make today on my AOL stock? This could be the last day of the consolidation with a nice kangaroo tail - time will tell. I'm holding strong through this earnings season.
 
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