The S&P put in another short term bottom on April 11

Did the S&P just put in another short term bottom on April 11 at 1283 ?

  • Right on, see you shorties at 1334.

    Votes: 32 53.3%
  • The last 4 calls were pure luck, we are going much lower than 1283.

    Votes: 28 46.7%

  • Total voters
    60
Quote from invaliduser:

Sure what American in his right mind would work for $70 an hour. Illegal immigrants are SO taken advantage of!
To be clear, that was 70 hour cash for the group. And there were 4 not 5,( iwas counting the gringo boss) That comes out to $17.50 each before withholding.

Rennick
 
Quote from William Rennick: at 2:38 pm eastern

Off my soap box and in front of the chrystal ball. Survey says:

At the close Dow +26 give or take 10 pts.

The Amazing Rennick drifting out in a vapor mist [/B]

Hooollllleeeee Crap, or should I say Grail,
you called me kid, so I guess it's ok if I say, "nice call old timer"
todays near bullseye, and i thought it was until 4:02 when it ticked up from +26 to +28, was your best call yet. why does the market still keep moving after the bell, like a train that is hard to stop i guess.
keep it up rennick ( no thats not a viagra joke):cool:
 
Quote from caddyshack2006:

Hooollllleeeee Crap, or should I say Grail,
you called me kid, so I guess it's ok if I say, "nice call old timer"
todays near bullseye, and i thought it was until 4:02 when it ticked up from +26 to +28, was your best call yet. why does the market still keep moving after the bell, like a train that is hard to stop i guess.
keep it up rennick ( no thats not a viagra joke):cool:

Calm down Kid,
Sorry about missing it by 2 pts., the old eyes ain't what they used to be, through the cloudy chrystal ball that 28 looked like a 26. I'll only take partial credit though, my timing guy called for a Flat close at 1:05 pm EST. I just added the likely point range. Hey guys I have to go , Jack Schwager author of Trading Wizards is holding on line one.

Rennick out
ps. autographed pics of me in action just went up, BOOOYAAAAA
 
anybody notice that the move up today was accompanied with poor market internals?

todays up move didn't feel right to me....if internals don't signicantly improve in the next few days i will either stay away or have a short bias....btw i trade ES.
 
i see an incestuous mkt that won't stp anytime soon...on a note i remind u all that buffett sold 14bil of spx put options exp 2008-09[?]recently, hee hee.
 
What's so hard about predicting that a market that rallied and retraced will close at near the same level it was at 1 hr before the close?

Sorry, I just don't see the brilliance. Think of it as tying a shoe. You pull the laces really tight, then loosen them up a little bit and in the end they are neither as tight nor as loose as they were at the extremes. We would have had to be up 100 points (and not in a spike) for it to turn into a trending day.
 
volente,

although i trade ES, i still watch the dow. today i see a bearish divergence between NYSE advance/decline line and the dow making a new high. breadth needs to improve to sustain the high in my opinion.
 
Quote from FaderTrader:

What's so hard about predicting that a market that rallied and retraced will close at near the same level it was at 1 hr before the close?

Sorry, I just don't see the brilliance. Think of it as tying a shoe. You pull the laces really tight, then loosen them up a little bit and in the end they are neither as tight nor as loose as they were at the extremes. We would have had to be up 100 points (and not in a spike) for it to turn into a trending day.

I am new to this ,but your messing with a guy who along with lilduck are the only ones not giving me the cold shoulder. he may just be on one hell of lucky streak, but I'm impressed. the thing is he told me that this was possible, and the old guy is proving it. I went ahead and put together his 4 calls. i believe him about yesterdays call but it sounds screwy so we'll count it against him for the sake of no bullshiting. hhere are his calls this week, i've seen some of the vague predictions from others here on ET, this guy is putting specific points on the calls.


Quote from William Rennick: Monday, 4-24-06 2 pm EST

Here is my call for today, Dow will be down 18 pts. give or take 8 points.

...Rennick and the chrystal ball out

**Actual Dow closed +11**
__________________________________________________


Quote from William Rennick: Tues. 4-25-06 1:30 pm EST

ALL HAIL THE NEW CHAMPION OF MARKET PREDICTIONS,, umm sorry LOL just kidding, before you guys start attacking. Thanks CADDY, I'd love to take credit for that but my timing guy deserves most of it, although I did add the point range. But it was fun, for today my chrystal ball says at the close

DOW -63 , plus or minus 10 points.

...The Amazing Rennick Out:

**Actual Dow closed –53**


Quote from William Rennick: Wed. 4-26-06 1:30 pm EST

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

**Actual Dow +63**

Ps. Rennick sent this immediately after the close, it sounds crazy but I’ll him the benefit of the doubt

Quote from William Rennick:

I know you guys ain't gonna believe this but 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


Quote from William Rennick: Thurs. 4-27-06 2:30 pm EST

Sorry for the delay fellas, I ate lunch with a team of fine Amigo's who put a new roof on my house. Anyone who thinks that sending these guys back en masse isn't thinking things all the way through. I'm convinced they are largely responsible for our booming economy. I can't imagine have a team of out of shape gringos on my roof. BTW the guy who owns the company ( gringo) pays 5 of them 70 bucks an hour cash, not bad. Off my soap box and in front of the chrystal ball. Survey says:

At the close Dow +26 give or take 10 pts.


The Amazing Rennick drifting out in a vapor mist

**Actual Dow +28**
 
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