Brits4life Account Talk

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A question, do resistance and support really only come into play with computerized trading or are real live thinking people involved?
 
Whether a physical stop or entry point, or mental, technical anaysts use those levels as buy / sell points, so support / resistance can be a self-fulfilling prophesy.

For example, if I see that 1102 is a support level, I may play a buy order there, or just above it. If enough people do that, then buying will start at the support level, and boom, a rally off of support.
 
OK, a bit of help would be appreciated. Looks like the dollar is getting stronger, the Euro going lower, the EU in trouble, PIIGS squealing and CSI floundering. But looking at the AT not many folks, especially the top tier in the F fund. Just wondering if it is looked down on due to its limited upside or if there are other reasons to avoid it. Thanks.
 
Britts4life said:
OK, a bit of help would be appreciated. Looks like the dollar is getting stronger, the Euro going lower, the EU in trouble, PIIGS squealing and CSI floundering. But looking at the AT not many folks, especially the top tier in the F fund. Just wondering if it is looked down on due to its limited upside or if there are other reasons to avoid it. Thanks.
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The F fund has been on a run and could drop if the market bounces.

The 2 IFT does not allow us to play around with the F fund as we would rather save them for the market. If we had a 2-3 more IFT's, I would be able to make some decent money just by playing the F fund.
 
I made a mistake yesterday (well, time will tell) and didn't realize it until just a bit ago. I've noticed a fair number of new names on the Message Board so I thought I'd post in case they hadn't thought about it.

I only got half out yesterday, my first move for the month. And now the fear builds and I have to question if I should get all the way out. But wait, if I get all out now I'm done for two weeks which can be an eternity. So, it seems that I should have gotten all out yesterday, then I could get back in when I want and, of course, back out any time I desire. But then, maybe I should just cinch up my sticky pants. D*#@*!
 
Nobody knows what's going to happen next! I'm going to let the dust settle before I jump back into the DUST BOWL. When is the bottom, a bunch money is lost every day because people try to predict bottoms and tops when it really can't be done. Wait for conformation that there is a turn around it usually drops faster than it rises.
 
I'm all in for Monday, 50 C, 50 I. I want to believe the "market" has already priced in all the crud we know about. Now it's back to the business of making more money. Of course, like EVERYONE else, I could be wrong and Monday could suck.
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I saw your comment on the tracker - trust me it still ain't much money. I'm working on hitting the $2M off the 3/9/09 lows before the year ends and then it's on forward to the $3M number.
 
"everyone has a system, only Birch has a million"

Where do you get your information? Some just don't brag as much as others and some systems are better than others also............;)
 
It was meant to be complimentary towards yourself (after all mimicry is the highest form of flattery). But also a bit sarcastic towards all that think they know what will happen tomorrow, or this afternoon. We see a lot of 'technical' talk, and this model or that model, but you seem to base your decisions on more of a gestalt or gut feeling, and recently you have done well, no matter what anyone says.

I read a headline somewhere just a day or so ago that said "Millionaires" say you need at least 7 million to be rich! Is that inflation or what?
 
Intrepid_Timer said:
"everyone has a system, only Birch has a million"

Where do you get your information? Some just don't brag as much as others and some systems are better than others also............;)
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I truly have no idea how much anyone has other than myself, and thanks to my ex it ain't a million. ;) Your not worried about losing business are you?
 
Britts4life said:
I truly have no idea how much anyone has other than myself, and thanks to my ex it ain't a million. ;) Your not worried about losing business are you?
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Not at all, especially not to BT. I just found your comments interesting.

I'm personally more interested in someone that has $100,000 and makes 10% every year than a someone who has $1,000,000 and makes 1% every year....;)

But to each their own. I apologize for questioning your thought process.
 
It's a great day to own bank stocks with their dividends going up and stock buybacks. That's how to make a secure base over the longer term.
 
Birch - I've heard about companies with lots of cash on their balance sheets weighing M&A, increasing their dividend and/or stock buy back.

I understand the M&A and the dividend but what benefit is there for the stock buy back?

TIA! :)
 
I've been talking to some coworkers about the shut down potential and effects on payroll. Does anyone have a clue about what the affect on TSP would be? No IFTs? No loan payments?
 
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