Urgent Message From Rennick

[SiSePuede!]

Quote from ElCubano:



$2million huh?? no problem..back on ignore have a great life...i still got much love for ya homey...peace

That was some ignore you put me on yet were able to reply to my posts.

I don't doubt that your mother squeezed you out on an island somewhere. Wow, she probably squeezed out a bunch more just like you on whatever other islands she was working on at the time.

So why would I waste any money, especially money when we both know I'm talking about actually knowing about being Cuban and being from Cuban...not just related to real Cubans.

 

[gangof4]

Quote from SiSePuede!:

That was some ignore you put me on yet were able to reply to my posts.

I don't doubt that your mother squeezed you out on an island somewhere. Wow, she probably squeezed out a bunch more just like you on whatever other islands she was working on at the time.

So why would I waste any money, especially money when we both know I'm talking about actually knowing about being Cuban and being from Cuban...not just related to real Cubans.

you guys familiar w/the the concept of thread hijacking?

it wouldn't be so bad if one of you would occasionally say something even remotely funny, but that appears less and less likely w/each passing post...

 

[ElCubano]

Quote from gangof4:

you guys familiar w/the the concept of thread hijacking?

it wouldn't be so bad if one of you would occasionally say something even remotely funny, but that appears less and less likely w/each passing post...

me soooo sorry .... not another peep...peace

 

[William Rennick]

Quote from William Rennick:

9:44 am EST Dow -31

The "Ball" is calling for weak Market action during the morning session. That means I'm staying with my shorts at least until I know what the call is for the afternoon, which I'll know at 1:10pm. Until then, sell any rallys. CRASH AND BURN BABY!!!

Grizzley Rennick Adams out

With less than half an hour left in the morning session the "Balls" morning call is looking good. Dow -110.

 

[NUTSNEAL]

Quote from William Rennick:

1:11 pm EST Dow + 42
She's countertrending, hold your fire fellas, wait for more. If the dow goes above 50 again add to your shorts, otherwise wait until 2:30 and get in no matter what.
I've got an unlit cigar in my mouth. At 4 pm I'll be lighting it with my Elvis zippo, quoting the late great George Peppard wearing a Godzilla suit on the A-team saying,"I love it when a plan comes together."

Rennick out

Rennick

First I would like to say, "Very impressive!"

Over my many years of trading it appears to me the mount "entry"
and dismount "exit" and how much heat I have to take in between has a great deal to do with my overall profitability.

Looking at a one and three minute chart of the Dow, it appears that as per your quote above the strategy of adding to shorts at Dow +50 would have occurred at around 1:38 (see attachment).
Then the Dow continued to set new daily and all time highs until peaking at +70.32 at 2:39. I am curious as to how much heat you would have been willing to take on this trade, especially with the Dow moving into virgin territory. Also, how much would the time of day element influence you answer.

Thanks

And again very impressive.

I am always interested in learning.

NUTSNEAL

 

[William Rennick]

Quote from NUTSNEAL:

Rennick

First I would like to say, "Very impressive!"

Over my many years of trading it appears to me the mount "entry"
and dismount "exit" and how much heat I have to take in between has a great deal to do with my overall profitability.

Looking at a one and three minute chart of the Dow, it appears that as per your quote above the strategy of adding to shorts at Dow +50 would have occurred at around 1:38 (see attachment).
Then the Dow continued to set new daily and all time highs until peaking at +70.32 at 2:39. I am curious as to how much heat you would have been willing to take on this trade, especially with the Dow moving into virgin territory. Also, how much would the time of day element influence you answer.

Thanks

And again very impressive.

I am always interested in learning.

NUTSNEAL

What a great and intelligent question. You sir have what it takes to be a great trader. Trading takes balls, and also it ain't an exact science. That's why I don't like to use tight stops, and tend to use time points to get in and out. Basically though I just trust in my Balls ur, I mean "BALL".

Rennick out

 

[drmarkan]

Quote from osc:

ARE YOU PEOPLE BUFFOONS AND SHEEP?!
He called a short yesterday afternoon when the Q was around 50.15 and then the Q CONTINUED to go up until the end of the day. The market is right now at 49.88, which means so far this great call was good for a TWENTY-SEVEN CENT SHORT! Hardly anything to write home about, much less preen.
Did any of you people go to college? Math, logic, statistics?
The market MAY go down further or even "tank", but right now there is nothing to get excited about.
GET A GRIP!

When he mentioned qqqq's, he was talking contracts, not shares. Are you aware of that? That's besides the point though. When we are staring at 14,000 on the Dow Jones, it is pretty obvious that anyone making market calls is looking at the index that is making the most headlines at the time. Common practice on any trading floor.

Anyone who follows more than just their scalping technicals should realize the pattern that occurred yesterday. The Dow bought up to a major milestone, and did not move any higher than the noise of people trying to push it through (which I think it is safe to say that 10 points is not a breakthrough). Once we get near the end of the day, are you going to hold longs at 14,000 going into this morning with Bernanke speaking?

 

[Trvlwanderer]

Quote from drmarkan:

When he mentioned qqqq's, he was talking contracts, not shares. Are you aware of that? That's besides the point though. When we are staring at 14,000 on the Dow Jones, it is pretty obvious that anyone making market calls is looking at the index that is making the most headlines at the time. Common practice on any trading floor.

Anyone who follows more than just their scalping technicals should realize the pattern that occurred yesterday. The Dow bought up to a major milestone, and did not move any higher than the noise of people trying to push it through (which I think it is safe to say that 10 points is not a breakthrough). Once we get near the end of the day, are you going to hold longs at 14,000 going into this morning with Bernanke speaking?

Very wise post

 

[drmarkan]

Quote from drmarkan:

When he mentioned qqqq's, he was talking contracts, not shares. Are you aware of that? That's besides the point though. When we are staring at 14,000 on the Dow Jones, it is pretty obvious that anyone making market calls is looking at the index that is making the most headlines at the time. Common practice on any trading floor.

Anyone who follows more than just their scalping technicals should realize the pattern that occurred yesterday. The Dow bought up to a major milestone, and did not move any higher than the noise of people trying to push it through (which I think it is safe to say that 10 points is not a breakthrough). Once we get near the end of the day, are you going to hold longs at 14,000 going into this morning with Bernanke speaking?

By pattern, I should explain that I am speaking from a market psychology position here. As we see, Rennick is respected by many traders on here, and we see from his own comments, that he is not making this call based on technical analysis. He obviously has been trading long enough to inheritantly see what the market sentiment is going to be as the day goes on. Note that he mentioned he places trades due to time of day. This has to do with the fact that in certain situations, the market is going to react a certain way based on how traders want to be positioned going into the close.

 

[gnome]

Quote from osc:

ARE YOU PEOPLE BUFFOONS AND SHEEP?! ... so far this great call was good for a TWENTY-SEVEN CENT SHORT! Hardly anything to write home about, much less preen....

Are you kidding? A 0.5% winner is home-run's-ville in scalper land... (just noise for the rest of us)