Short term rally starts today.

[TraderFred]

Quote from William Rennick:

Please get off of voncente's back, Thorn just did,,, HOWWAAAA...Seriously I'm only here to tell volente 00 good job on predicting todays monster rally, which he has been calling for all year now.

Rennick out

ps. IT'S 1:20 PM EDT, WED.7-19-06 AND THE DOW IS UP 170. AS I GAZE INTO THE CHRYSTAL BALL I SEE THE AVERAGES ADVANCING FURTHER AHEAD INTO THE CLOSE.


THE AMAZING RENNICK HAS SPOKEN

Nice call, when did you enter today, assuming that you traded? I shorted the open and got stopped out before the big move.

MS

 

[chlawfirm]

Ben wasnt telling the truth about the economy hence the rally....could have gone either way especially when the CPI first came out.

 

[William Rennick]

Quote from TraderFred:

Nice call, when did you enter today, assuming that you traded? I shorted the open and got stopped out before the big move.

MS

Thanks, I was in at 9:45 (new york) with the dow up about 45. In the name of full disclosure I can't really take credit for the call, I have a timing guy for intraday. Sorry to hear about your trade, glad you were using stops.

 

[EqtTrdr]

where all the bottom callers go??

 

[EqtTrdr]

Quote from EqtTrdr:

where all the bottom callers go??

guess they are all gone

 

[stock_trad3r]

Dude...down 1.5% isnt anything to sweat over. The nasdaq has STILL closed above the support line of 2025. Often stocks have to bounce off support multiple times before going up again. Lets not jump to conclusions and assume the end is near. And if you are short, I recommend covering.

 

[EqtTrdr]

Quote from stock_trad3r:

Dude...down 1.5% isnt anything to sweat over. The nasdaq has STILL closed above the support line of 2025. Often stocks have to bounce off support multiple times before going up again. Lets not jump to conclusions and assume the end is near. And if you are short, I recommend covering.

yeah you are right... market looks super bullish today

super duper

 

[EqtTrdr]

damn that was a real short rally

 

[EqtTrdr]

Quote from volente_00:

Not only did I sell, but sold the top.


http://www.elitetrader.com/vb/showthread.php?threadid=69230&perpage=6&pagenumber=270




Smart money covered today. Next week 20 + by Friday.

did you exit bro??


I never saw an exit post... thanks

 

[pattersb]

Quote from EqtTrdr:

did you exit bro??


I never saw an exit post... thanks

..prolly got his internet connection cut