Squalebear's Account Talk

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Birchtree said:
FWIW Birch ain't rich yet but he will be by the time the next bull market ends. (By my definition, yes you are ! So stop BS'ing around you rich SOB) :nuts: I'm heading into the mega trend secular bull on full throttle and it will take up all my time shortly. I'll be utilizing a margin account that has no cap - the more I make in gains the more margin I'll have access to spend. The more I spend the more I can make. I've spent considerable in the last five trading days and that is just the beginning. I've been waiting my whole investing life for just this opportunity and I'm prepared to exercise the available potential. All I need is a recovering economy with adequate GDP and low interest rates and the brass ring is mine.
Click to expand...

All joking aside, I certainly hope those things come to pass for you and every member here.
Wouldn't it be sweet to actually get rewarded for hard work, dedication and perseverance.

When that occurs; "we'll disavow any knowledge of your actions.
Good Luck Birch, This tape will self destruct in 5 seconds" :nuts:
(60's TV & recent Movie reference)
 
nasa1974 said:
SB,

Have a great 4th and enjoy all your grand-babies. Give your better half a big hug and kiss and say thank you a lot.:D Later....................
Click to expand...

Absolutely ! Darth Bear knows how to party ! He just needs to get the authorization by the Boss ! :nuts:
 
Well, I jumped in and see I have some pretty good company. Not too
many, but some really well known members. The amount of members
who jumped in would please Birch as the Bull doesn't like company all
that much. I'm hoping to take advantage of this shaking of the trees
and we once again ride this range to its upper levels. If the summer
means we'll trade in a tight range, I'm hoping I hit the bottom and the
prognosticators of doom are once again wrong. Good Luck Everyone ! ;)

(C)35% (S)50% (I)15% :blink:
 
Hi Squalebear. Glad to see you are in recovery mode. I wish the best to you and the family. Thats a wonderful grand daughter you have.

squalebear said:
Well, I jumped in and see I have some pretty good company. Not too
many, but some really well known members. The amount of members
who jumped in would please Birch as the Bull doesn't like company all
that much. I'm hoping to take advantage of this shaking of the trees
and we once again ride this range to its upper levels. If the summer
means we'll trade in a tight range, I'm hoping I hit the bottom and the
prognosticators of doom are once again wrong. Good Luck Everyone ! ;)

(C)35% (S)50% (I)15% :blink:
Click to expand...
 
Handballer said:
Hi Squalebear. Glad to see you are in recovery mode. I wish the best to you and the family. Thats a wonderful grand daughter you have.
Click to expand...

Many thanks HB'er

I'm definately in a recovery frame of mind and looking
for some TSP Blessings as I'm on a roll and I don't want
this "Good Luck" streak to end anytime soon.

My Grand Daughter is a wonder ! She sleeps "all most"
throughout the night and gives the kids (mom & dad);)
time to recoup from their busy schedule. Adopting my
son at 3 months old, I missed the all nighter's and I'm
not complaining one bit. Baby's can be a handful, but
not KIERA, she's just perfect. Ooops, I'm beginning to
sound like a pop-pop. (LoL) :D

Great to hear from you and I look forward to our doing
it again soon. Only alittle more richererererer ! :nuts:
 
Looks like you're UP and RUNNING to me SqualeBear!!!! That's good, the message board was getting kind of slack with you limiting your posts and all, much better now!!! :D
Norman
 
nnuut said:
Looks like you're UP and RUNNING to me SqualeBear!!!! That's good, the message board was getting kind of slack with you limiting your posts and all, much better now!!! :D
Norman
Click to expand...

WE CAN'T HAVE "SLACK" NOW, CAN WE ! :D

Art Cashin shares his view on the S&P head and shoulders


Head_and_shoulders.jpg

The market has suddenly taken a bearish tone over the past couple of weeks, and earnings season is here. On 07/06/09, CNBC did a short interview with Art Cashin who is director of floor operations for UBS Financial Services. Art thinks earnings are going to be critical, but not as critical as the clarity in the outlook. He wants people to be able to look five months down the road and see improvements. He says earnings may disappoint, but it is debatable whether or not they will have a big impact on the market. Cashin noted the head and shoulders pattern that is setting up on the S&P 500. He said a break below 877, which is the neckline, would make an unhappy situation for the stock market. Most traders have been aware of this potential set up for over a week. The head and shoulders pattern has formed, but in order to be symmetrical, another right shoulder still needs to form. If this is the case, the S&P should rally back up to the 915-920 range over the next few days.

Either way, if the neckline fails at 877, the pattern will take the market down hard. The pattern measures about 75 points, which would take the S&P 500 down to the 800 level. If that level holds, it may set up a right shoulder for a huge inverse head and shoulders pattern that could lead to a huge rally up to 1,170 on the S&P.

http://www.examiner.com/x-14436-Sto...-shares-his-view-on-the-SP-head-and-shoulders
 
S&P500 with a 920-930 High Range ! Hmmmmmmm !
Head & Shoulders everywhere and I shampoo'd on the 6th ! Hmmmmmmm !
The VIX drops well below 30 at the beginning of Earnings ! Hmmmmmm !

Did I Mention Hmmmmmm ! :nuts:
 
I believe the VIX closed around 26.33 or lower. The time to be cautious is when it breaks 20 - that's the time to be contrarian. I mentioned a few weeks back that most H&S patterns turn out to be false alarms - tomorrow may confirm.
 
Birchtree said:
I believe the VIX closed around 26.33 or lower. The time to be cautious is when it breaks 20 - that's the time to be contrarian. I mentioned a few weeks back that most H&S patterns turn out to be false alarms - tomorrow may confirm.
Click to expand...

Gotcha ! ;) Tomorrow could tell us alot ! The VIX below 20 calls for caution ! ;)
 
Steadygain said:
Let's leave it there !!

The potiential of the brain's power is hugely underestimated

920 - 930 is a 'good thought' ;)
Click to expand...

Ah yes, the power of positive thinking !
I'm feeling too uneasy about allowing 100% risk above the 900 mark.
Art Cashin strongly believes that this rally could have legs.
I like the Bearish sentiment out there. Makes the Bull smile.
It also bauds well for some extra $cha-$ching before the turn around.
My solution will be to reduce risk, but keep the ball in play if I'm wrong. ;)
 
Birchtree said:
This could be a Sarah Palin rescue rally - finally a voice to help the country.
Click to expand...

OR, it could be as successful as her run for Vice President and
quit as she did as Governor. :nuts:


Today was my first $4K day. So far, it's my first $8K week. ;)
MTD I'm +3.64%,,,,,YTD I'm +1.94%,,,,, Today was such
a pleasure to watch, I almost forgot myself and started to
do the MC Hammer Dance. (Nitro was close at hand). I quickly
opted to bore my daughter-in-law with stock enthusiasm.
I think she preferred changing diapers, in lieu of hearing the
fourth rendition of "Too Legit, Too Legit To Quit."

By bailing out by only 50%, I leave myself open for some profit taking
which normally follows such a fast move upwards. Otherwise, its simply
Icing on the cake and I left enough in play to enjoy a few more at bats.

It's also pretty good to see that some old head members enjoyed the
benefits of moving in, just prior to the start of this 3 day freight train.
I'm on the fence (typical) about the future and hope the BULLS are
right and we get to see a 1000 pt. S&P500 before its all said and done. ;)
 
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