Thread: Birchtree's Account Talk

Originally Posted by Birchtree

Well this does feel like a natural head fake consolidation - one who buys right must stand still in order to run fast. Now is an excellent time to buy in.

My system went to a buy today; however, I did not personnelly go to a buy today.

Alfie, what's it all about? Another give back week for the oceanic but no panic yet: -$35K, +$31K, -$9K, -$68K, -$88K for a devaluation of -$169K. At least I'm getting some purrfect pricing with my dividend reinvestments - that's the small blessing of this head fake to the down side. Gotta watch Kudlow tonight.

Fear and SPX Toppings | Adam Hamilton | Safehaven.com

Originally Posted by Birchtree

Alfie, what's it all about? Another give back week for the oceanic but no panic yet: -$35K, +$31K, -$9K, -$68K, -$88K for a devaluation of -$169K. At least I'm getting some purrfect pricing with my dividend reinvestments - that's the small blessing of this head fake to the down side. Gotta watch Kudlow tonight.

Be careful Birch. Its starting to add up to real money. What did he say?

Norway's Statoil (STO) signed a deal with Russian state oil firm Rosneft to develope Russia's mostly untapped offshore energy resources in the Artic. Finally some good news.

Another tough day for the longs - but I'll just ignore it. The price of oil is -$2.31 to $95.70 - that will help eventually. I'm glad I've got dividend income that keeps on buying. If you panic and cut and run it's a mistake in my opinion.

The market pullback is a welcome sight - MarketWatch

Originally Posted by Birchtree

Another tough day for the longs - but I'll just ignore it. The price of oil is -$2.31 to $95.70 - that will help eventually. I'm glad I've got dividend income that keeps on buying. If you panic and cut and run it's a mistake in my opinion.

-- Thanx again Mr. Birchtree for your charting of a reliably steady and knowledgeable course, for your sharing of that. I may not always act on your advice though it is so great to have it there to alway factor in heavily, especially when my situation feel anxious. Your dose of reasoned soundness & hope can help steel the nerves against storming seas.

Originally Posted by Birchtree

Another tough day for the longs - but I'll just ignore it. The price of oil is -$2.31 to $95.70 - that will help eventually. I'm glad I've got dividend income that keeps on buying. If you panic and cut and run it's a mistake in my opinion.

Birch, you may be right, but at what point do you "NOT" ignore it? When you're down 10%? 20%?

I'll pay more attention when the 50 drops through the 200 - otherwise it may just be a head fake.

Originally Posted by Birchtree

I'll pay more attention when the 50 drops through the 200 - otherwise it may just be a head fake.

... and even then, you can get whipsawed to death...