The S&P put in another short term bottom on April 11
- Thread starter volente_00
- Start date
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Volente, dont know if Art Cashin wrote down the ES low of 1304.2 yesterday on his note book , but this is that , number.
Longer term trends on ES favor the now weekly YM uptrends;
however ES weekly trends are down.1300 seems likely also
ok Rennick,
how is she going to close today? were you long this morning like the update called for?? i papertraded and am up nicely, but it looks like i should have captured the mornings profits
Alright Kid,
My chrystal ball is very cloudy, must be the Fed Beige book at 2 pm. Pending no surprises in that data release here is my forecast:
DOW +136 give or take 15 pts.
The Amazing Rennick out
Did i call it or what?? ...... pretty accurate no?
Quote from William Rennick:
Alright Kid,
My chrystal ball is very cloudy, must be the Fed Beige book at 2 pm. Pending no surprises in that data release here is my forecast:
DOW +136 give or take 15 pts.
The Amazing Rennick out
I know you guys ain't gonna believe thisbut I will swear on the Popes Bible himself, I was going to say Dow +68, and I thought that was too boring so I doubled it to +136. Go ahead start throwing the rocks, garbage, and rotten tomatoes I can take it.
The Amazing Rennick out
When you put your neck out there and make mkt calls.... you leave yourself wide open ..... open for all kinds of criticism and even insults... its why most people dont do it.
Only a few have the guts to put there necks out. They are the gladiators. Understanding full well that ones reputation can be washed away with one mkt call.... yet they still post.
Do not worry Rennick...... mkt took me by the hand today... and lead me to the wood shed. Thats what i get for not following my plan.
Only a few have the guts to put there necks out. They are the gladiators. Understanding full well that ones reputation can be washed away with one mkt call.... yet they still post.
Do not worry Rennick...... mkt took me by the hand today... and lead me to the wood shed. Thats what i get for not following my plan.
Quote from caddyshack2006:
Hi ,
I'm new here, I've been studying the informative posts on ET and like lilducks posts alot. You seem to have a good idea on which way the market is going during the day. Like yesterday early on, you called a selloff in the morning. How the heck did you know?? Thats really cool because as hard as i try i can't figure it out. I know that I could play futures and options
if I had a good idea of which way to trade, up or down, urr long or short as you guys say. Of course I want to practice without real money first. I don't expect you to give away your secrets but any help would be appreciated.
Rodney
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He figures the probablities, like Volente;
nice weekly bottom area call Volente, candlecharts agree with you.
Higher highs/lows are good uptrend & down trend follows;
lower highs/lows . Can take months/years to figure& work it well
Actually we dont know for sure, figure the probabilities;
if we did know for sure,stops would not be necessary.
Actually ES & YM are a bit neat in the sense you can get downtrends or uptrends , usually , depending on what you want
