C-fund

[Birchtree]

What impresses me is the ineligibility of the subprimer to participate in this market as a positive development. They will remain obsequious to their mortgages for the next 3 years being sudued and locked, this will potentially extend the top of this market. The fewer the better. The bull is stingy.

 

[sugarandspice]

Isnt this the best week the S&P has had since sometime in 2005?

 

[ATCJeff]

Isnt this the best week the S&P has had since sometime in 2005?

2003 September I believe.

 

[Show-me]

The S&P 500 should end the year at about 1550, according to Abby Joseph Cohen, Goldman Sachs chief U.S. portfolio strategist. She shares her bullish market outlook with CNBC's Mark Haines

http://www.cnbc.com/id/15840232?video=225050174&play=1

 

[Birchtree]

That sounds so minimalist - the Birch has a new target of 1750, then I get nervous. Somebody open the door and let'em in.

 

[James48843]

Birch-

Do you think it's time for a breather yet?

We have to be getting close to a pause here.....

 

[Birchtree]

We had three days of an internal sideways pause - that's enough for my taste. The bulls may gore the bears something desparate next week - they are short at record numbers. Anything can happen with a Primary 3 up - like parabolic moves at 60 degree angles. Whew, glad I'm in for the duration.

 

[nnuut]

Queation, are we in wave 3 or wave 5? IYHO

 

[clester]

C fund has been outperforming for a couple of months. How long will it continue? We are now at the bottom of the current channel. Will we bounce back up to the top once again? Seems to me all the bad news is built in and we are climbing the wall of worry.

 

[Birchtree]

How long will the outperformance continue - that's easy. Three years at a minimum up to seven years as a probability.

 

[clester]

Looks like the top of the current channel is 1510-1515 range. We need to get through 1500 first.

 

[clester]

Hope we hold onto 1500.

 

[clester]

Well, we held onto 1500 and futures are up big this morning. Maybe, today will get more people off the sidelines. Goldielocks is back. Will the C fund continue to outperform or is it time for S and I again??

 

[ATCJeff]

Well, we held onto 1500 and futures are up big this morning. Maybe, today will get more people off the sidelines. Goldielocks is back. Will the C fund continue to outperform or is it time for S and I again??

Microsoft looking to buy Yahoo again should allow the S fund to outperform the C fund today. I fund should have it's day Monday!

 

[Birchtree]

Money is now betting that it's time for the weighted SPX to play catch up to the Dow. The bigger picture tells us that all of the bears, even the staunchest of them all, will eventually become bulls and will do so right near or at a top, so this will help denoting levels of trend. We don't want the G funders to get on board - the market will do everything, and I do mean everything, to keep the majority from participating, bull markets do not like company, only at the top. Lilly Paders know how dangerous this rally can be to their bottom line - but fear is rampant. Be right and sit tight.

 

[clester]

The C fund is close to the top of it current trend channel. I decided to take some profits and wait on it to come down or move sideways for a couple days. I think the old high of 1527 will pull us up like a magnet.

 

[clester]

Looks like we're not getting any profit taking today. C fund up 4 days in a row. We may be flat until wednesday's fed meeting. I think that would be good , giving us a base and getting us ready for pop on wed.

 

[clester]

Nice bounce off the 1500 level. Good support there now. I think Griffin is right, next stop 1527.

 

[clester]

The C fund chart is looking good. If we follow the trend on up, we are ready for another pop up. Maybe up to a new high of 1527.

 

[clester]

If we hold onto 1500 the trend is intact. So far so good.