LOL, the "Ball" actually was amazing today. It was positive at the open, even though the dow was down over 70, then rallied hard to the daily high, then news soured things. For the afternoon it called the sharp selloff. Hard day to trade... I reversed positions and am close to break even for...
I just knew there was breaking news that spoiled the morning rally. Some big wheel at the fed is talking about an emergancy raise. He snapped off at 10:45 am.
http://www.reuters.com/article/marketsNews/idCAN0727783620080507?rpc=44
This is a great point, and a lesson to be learned. This morning I lost my discipline and instead of selling my calls when I was up nicely, I held out and now my calls are underwater. Im going to wait for an afternoon counter-trend to unload them. BTW, the "Ball" has turned NEGATIVE, and is now...
Well, there was this little Korean Jackass who wa...ahh what the heck,,, let me just post the link...less work..
http://www.elitetrader.com/vb/showthread.php?s=&threadid=65265&highlight=chronicles+of+rennick
It's the 4th post down
Your call is living proof that even a blind squirell can find the occasional acorn.. The Balls call was doing great until about 10:45,, did breaking news hit??? I'm staying long until I see the next "Ball" call. I bought calls at the open so I'm down just a smidge.
Rennick out:cool:
ps...
Steal? I pay good money, and I can post calls, not too much though. Not fair for the non-pikers who are actually members. As far as todays action....STAY TUNED
Rennick out:cool:
TUES. 5/6 1:15 dow +30
The Mighty "Ball" scored a rare miss calling for a weak morning session. For the afternoon it has turned POSITIVE calling for further STRONG Market action. Look for a dip around 2:30 pm as a good entry to GO LONG...
It has been foretold,,,NOW BEGONE YE FOOLS...
Dow down 88 at the close. If you want to see text book flat market action look at todays chart. The mighty "Ball" bags another call...
Rennick out
:cool:
MON. 5/5 1:12 pm dow-75
With the Dow down 69 points at 12 noon EST, the mighty "Balls" morning call was a good one.
It remains NEUTRAL calling for further FLAT Market action for the rest of the day. We should end near current levels.
With that I'm shutting down my trading screen and...
MON. 5/5 9:50 am dow -48
This be this, and that be that,,, turn off your screens,,, the "Ball" is NEUTRAL and this mornings Market...she's gonna be FLAT...
Look for the averages to stay near these levels until high noon.
Rennick out :cool:
2 posts, handle is millionaire asking a loaded question about his system ... SPAM ALERT!!!!!!
PEDDLE YOUR WARES ELSEWHERE SNAKEOILER
Dog Rennick Chapman outs another one:cool:
The conventional wisdom here on ET is that Market timing doesnt work, especially intraday. I occasionally post the "Balls" forecasts to prove that it does. I've said since day one that was the deal. I don't go into detail or mention any names because promoting a non sponser is spamming and...