The Chronicles of Rennick

[JimmyJam]

Quote from bigarrow:

... Yesterday called for a strong bull morning. It's not accurate to tell about the correct afternoon call but not tell about the incorrect morning call. Most days are like this. And with the ball being wrong morning and afternoon some days ...

OK now, don't make me breakout the the Crazy 8 .

Just funn'in whicha, I'm sure there are plenty of happy users of the ball who have factored it's market calls into their regular trading setups and methods ... pretty much just like every other traders' system.

It just gives them a safety blanket to do their thing with.

Good trading,

JJ

 

[William Rennick]

Quote from bigarrow:

Hi Bill, I hope the ball isn't in it's historical norms, if it is that isn't good. I've been following the morning and afternoon calls the last two weeks or so and it's performance has not been good. I think a guy could of done better fading the calls. Yesterday called for a strong bull morning. It's not accurate to tell about the correct afternoon call but not tell about the incorrect morning call. Most days are like this. And with the ball being wrong morning and afternoon some days. Again this is only for the last 2 weeks that I've been watching.

I wanted to wait a week and give a report of the Mighty "Balls" accuracy for that week. Of the 10 forecasts( 5 morning, 5 afternoon) the "BALL" made last week Feb. 12-16, I am pleased to report that in my humble and honest opinion that the "Ball" nailed all ten calls. Any other "Ball" followers here I'm sure will agree. The previous two weeks you mention were full of scheduled and unscheduled breaking news market events. The guidelines for trading the "Ball" clearly warn against trading in front of even moderately important scheduled economic reports.
Such unknown events in all fairness should be factored in when evaluating the accuracy of an indicator which is often updated before that data is released. FWIW the "Ball's" reading is often neutral in front of such data .

Rennick out

 

[William Rennick]

Quote from ETUserisme:

"Strong - neutral - weak" without reference points and ranges? Oh well, good luck with it.

ETU

Knowing which way the Market is heading is all a trader should need. Anymore info and you may as well have your money managed.

Rennick

 

[William Rennick]

Nailed another forecast this morning...so far. Roll Ball roll!!!!

 

[lilduckling]

 

[bigarrow]

Quote from William Rennick:

I wanted to wait a week and give a report of the Mighty "Balls" accuracy for that week. Of the 10 forecasts( 5 morning, 5 afternoon) the "BALL" made last week Feb. 12-16, I am pleased to report that in my humble and honest opinion that the "Ball" nailed all ten calls. Any other "Ball" followers here I'm sure will agree. The previous two weeks you mention were full of scheduled and unscheduled breaking news market events. The guidelines for trading the "Ball" clearly warn against trading in front of even moderately important scheduled economic reports.
Such unknown events in all fairness should be factored in when evaluating the accuracy of an indicator which is often updated before that data is released. FWIW the "Ball's" reading is often neutral in front of such data .

Rennick out

The last week it was accurate. I made sure to put in I had only watched it for 2 weeks at the time of the post.

 

[bigarrow]

Today the morning and afternoon session was NEGATIVE calling for WEAK Market action.

 

[bigarrow]

This morning call was negative calling for weak market action.
The afternoon call was positive calling for strong market action.

 

[bigarrow]

This morning call was positive calling for strong market action.

 

[JimmyJam]

Quote from bigarrow:

This morning call was positive calling for strong market action.

thanks :eek: