Thread: Birchtree's Account Talk

"Trend channel analysis suggest stocks are about to fall. On the other hand, a decisive rise above the upper boundary line could be quite Bullish."

http://www.safehaven.com/article/183...-about-to-fall

"My best estimate, at this stage of the wave structure, is for a top around the previous SPX 1576 high by February 2012." Allah knows I sure don't want to wait that long.

http://www.marketoracle.co.uk/Article23007.html

"On Friday 98% of the S&P 500 companies were up. According to Reuters, after the midterm elections, the S&P 500 has posted gains 18 out of the last 19 times. In the following six months the returns were up 13% on average, and up 17% after 12 months. Maybe the markets are looking ahead."

http://greefaucet.com/the-market/no-fear/64754

"On Friday 98% of the S&P 500 companies were up. According to Reuters, after the midterm elections, the S&P 500 has posted gains 18 out of the last 19 times. In the following six months the returns were up 13% on average, and up 17% after 12 months. Maybe the markets are looking ahead."

http://greenfaucet.com/the-market/no-fear/64754

If the futures are correct this evening it's going to be hot, hot, hot on the opening.

Originally Posted by Birchtree

If the futures are correct this evening it's going to be hot, hot, hot on the opening.

And a "hell" of a lot hotter once we pass 666 and Lucifer is standing on the ledge laughing as we fall past. I hope you are selling the rallies.

I'm trying to avoid any selling for the rest of the year primarily for tax reasons. I did take some profits back in February and now taxes will be due.

"It now looks as if the SPX started a cyclical bull market in March 2009 and that it completed an intermediate correction at 1011 befotre resuming its uptrend. The first phase of the new uptrend ended at 1130 and a short term correction down to 1041 ensued - probably as a result of the 4-year cycle making its low. Since then, an initial target of 1148 has been met, and the index appears to be deliberating whether it should move up to its next projection of 1168 before correcting into the 9-mo/17-wk cycle lows due around 10/18."

http://www.safehaven.com/article/18330/turning-points

Thought you'd like this, B...

Dow `Super Boom' to Drive Average to 38,820 by 2025, Hirsch Says

"The Dow Jones Industrial Average will surge to 38,820 in an eight-year “super boom” beginning in 2017, according to Jeffrey A. Hirsch, editor in chief of the “Stock Trader’s Almanac.”

What's that in today's dollars?

Thanks Tom - I'd seen it earlier. Stuff like that will only cause anxiety among those sitting on the sidelines to increase. All I have to do is sit tight with my base and add up the dollars - but I can't sit still. I need to continue to build my small fortune. I remember a saying from years back - "you are not worth your salt unless you build a small fortune and then loose a small fortune - only to rebuild it again." That's where I'm at. I think Tepper has it right with the animal spirits ready to kick into high gear.

Oh shame on me. I noticed that 13 folks were loading up on the S fund COB so may they experience the blessing of paying $18.50 a share. I know I shouldn't act this way but there is always a price to pay when you chase momentum - I'd do the same thing if I wanted more C fund. At least I'm not using the term mollusk. Snort.