Urgent Message From Rennick

[ElCubano]

Quote from Thunderdog:

However, I can react to a predefined setup in the very short and define my estimated risk in the context of that short term. Then I wait and see what happens, and then I react some more.

exactly what rennick is doing....which in and of itself is trying to predict that the bet you place goes in your favor...

 

[maxpi]

H & S on the YM currently....

 

[maxpi]

Quote from michaelscott:

I've been calling for a top for the longest while and no one believes me. I bought puts and shorted. I know that McDonalds and IBM cant hold up the market forever. Ronald McDonald is not going to save us from fate.

That pretty much qualifies as a stupid post. Predicting something for a long while... LOL

I remember prognosticators in the mid 90's talking about the "nosebleed" levels of the tech sector.. when the NASD composite was maybe....4500 LOL. I got sick of hearing about the "nosebleed" and fortunately the term and the prognosticators went away along with their accounts probably.

 

[mschey]

Quote from Thunderdog:

Hmm. "Shorts," "nut cuttin' time" and "fix." Why do I feel uneasy with these references?

Change of plan...expecting upside break out here. Long and strong covered shorts at .32

As for my FIX comment....you really think the markets aren't rigged?

 

[piezoe]

Wait until Monday guys. We have options expiration coming up. In the meantime take a mini vacation. and cool it.

 

[nonlinear5]

Quote from Thunderdog:

And how are you positioning yourself at this very moment to maximize your leverage safely with your 20-year time frame?

I was using the 20-year time frame for the sake of argument, which was to demonstrate that a 2-bar move is harder to predict than a longer term move. My trading position is the same as it's been since late last year: a spread between short ZN and long ES. I do trade shorter term, too.

 

[blackchip]

I'm not up on "trader talk".

Does "gonna dump" mean the same as flatline?

 

[Thunderdog]

Quote from mschey:

...As for my FIX comment....you really think the markets aren't rigged?

I think you may have missed the context of my attempt at humor.

 

[William Rennick]

Quote from SiSePuede!:

Says the guy who predicted a terrorist attack the other day that never happened and predicted a crash at a specific time today that never happened.

they apparantly called off the attack after I outed them. As for today, it ain't over....SISTER

 

[blackchip]

I detect a heartbeat.