Urgent Message From Rennick

Quote from contrary:

I think the solution, which a couple people suggested, is to provide a breakdown of the calls.

Keep a tally for the Strong calls.

Keep a tally for the Weak calls.

Keep a tally for the Neutral calls.

It's easy to know if the Strong or Weak calls are correct. But I tried getting Rennick to agree to a formula on how to evaluate a Neutral call, and he skirted the issue. That's why I didn't want to keep track of the Neutrals anymore, Willie would just complain whenever I say one is incorrect. Also, if the point of a Neutral call is to preserve capital, then one could argue that a Neutral call is NEVER WRONG.
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Hey jackball,

Now you are cutting into my old Milwaukee time, read back a few posts and you'll see where I saved your ass. The "Ball" nailed two calls today, ring em up or take a hike.
 
Quote from William Rennick:

Hey jackball,

Now you are cutting into my old Milwaukee time, read back a few posts and you'll see where I saved your ass. The "Ball" nailed two calls today, ring em up or take a hike.
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You erroneously presuppose that my ass needed to be saved.

I propose that at 12pm or 4pm, we take the amount of the move in the Dow since the call, and divide that by the value of the Dow at the time of the call. If the result is 0.005 or less (0.5% move or less) then it is a neutral move.

As an example, for today's PM call, the Dow dropped 31 pts after the call, and the Dow was at 11417 at the time of the call. 31 / 11417 = 0.0027.
 
Quote from contrary:

You erroneously presuppose that my ass needed to be saved.

I propose that at 12pm or 4pm, we take the amount of the move in the Dow since the call, and divide that by the value of the Dow at the time of the call. If the result is 0.005 or less (0.5% move or less) then it is a neutral move.

As an example, for today's PM call, the Dow dropped 31 pts after the call, and the Dow was at 11417 at the time of the call. 31 / 11417 = 0.0027.
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to the nearest 10,000th... some might say that is a bit anal? lets keep it more free-flowing?
 

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Quote from QQQBALL:

to the nearest 10,000th... some might say that is a bit anal? lets keep it more free-flowing?
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When Mr.Beans goes on a fishing trip may I recommend he tries for eirher the northern and/or walleyed Pike, when he jumps off a bridge how bout either a half or full pike position,and of course when he's gardening he goes to Pike nursery. :D All in good fun Mr, Beans, keep up the good work.
 
Quote from William Rennick:

A third of the calls will be neutral, judge the calls from a traders perspective or you are fired. And neutral calls count or youre fired! RFT, unless you are going to post your calls on ET, STFU! The fact that the record is now over .500 with this piker keeping score is a testament to the accuracy of the mighty "Ball".
Rack up a win Beansie, your cred is on the line. If you are stumped on a call poll the ETers.
Rennick out:cool:
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Hey WR: be careful what language you use towards the greatest of all times :p

Judge Honorable Beansie is good, and may be we need to appoint some guards to protect him against intimidation.

As for RFT, his right to speak up his mind is protected by the highest force in the land: the constitution of the beloved USA! Do you have a problem with the co nstitution of the USA my dear William Rennick?

As for RFT's calls. Yes he have been making them for sometime now (including in this thread). And his calls are inspired by RFT's adapation of the great general's

"Hit them where, AND WHEN, they ain't".

MAC was smiling in his grave when I hit them on Friday at the top of mount Price-vs-Time. (Where you stopped your short position, remember?)

And then RFT wore (like the famous) sunglasses... :cool:
 
Quote from Susannah:

I guess I didn't explain myself well. I understand that a flat call can be valuable to keep you from trading or letting you know to close out a position. However, say the serivce is judged to be 60% accurate, but that's because 100% of its neutral calls are right...
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With a 100% accuracy rate on ANYTHING you wouldn't be able to profit from it?
Something's wrong with the logic there...
 
Quote from Susannah:

I guess I didn't explain myself well. I understand that a flat call can be valuable to keep you from trading or letting you know to close out a position. However, say the serivce is judged to be 60% accurate, but that's because 100% of its neutral calls are right, 40% of its strong calls are right and 40% of its weak calls are right (assuming equal portions of those calls). It's not a profitable service, but our judgement is going to say it is.

OTOH, say it calls a lot more flats than you need, enough to bump the accuracy of the flat down to 20%, but its strong and weak calls are 80% accurate. We're going to judge it to be 60% accurate, not exactly something you'd want to follow too closely. But, in reality, it would probably (provided the losers aren't huge compared to the winners) be a great service, it just happens to tell you to sit on your hands a little too often.
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If you weren't what appears to be a lady I might be attacking. Neutral calls are judged the same way the other calls are. They are not guaranteed 100% accurate, and in my opinion are harder to nail than the other calls. You seem to be new at trading and already full of opinions. A wise man or lady always listens to what the Market, and veterens of it has to say before opening the yapper. Good luck to your trading, and we all hope by your handle that you are not something Chris Hansen and his crew need to roll in on.

:cool:
 
TUES. 8/26 9:45 am dow -10

The mighty "Ball" remains NEUTRAL calling for FLAT Market action this morning. Expect the Averages to roughly maintain current levels until at least high noon.

Time to hit the beach, trading screen shutting down.

Rennick out :cool:
 
Quote from William Rennick:

TUES. 8/26 9:45 am dow -10

The mighty "Ball" remains NEUTRAL calling for FLAT Market action this morning. Expect the Averages to roughly maintain current levels until at least high noon.

Time to hit the beach, trading screen shutting down.

Rennick out :cool:
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please define "roughly".:D

just kidding.
 
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