Urgent Message From Rennick

Quote from William Rennick:

FRI. 7/27 9:55 am EST dow +2

My signal came in at NEGATIVE calling for more WEAK Market action during the Morning session. Sell any rally attempts until high noon at least. I'm already into a fresh qqq auggie 48 put position, I got in early and I almost hit my sell target on that first dip. Good luck trading, let's hope for a move that blasts to the downside with the power of a Mark Haines fart. I feel sorry for Erin.

Rennick out:cool:

ps. or how bout a Dillon Rattagon fart that knocks over the Bush economic team like bowling pins.:p
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FRI. 7/27 1:31 pm EST dow-86

The afternoon"Signal" confirms the morning signal and is NEGATIVE calling for further WEAK Market action this afternoon. I've already hit my sell order on my morning trade and I think I'll take a pass on the rest of the day. I usually don't like to enter into positions on a Friday afternoon with the possibilty of carrying it over the weekend. Everyone is setting up for a Crash scenario which means I smell a rat. This would be a good time for the big guys to throw in a surprise large buy program and screw all the little guys with their crash helmets on.

Rennick out :cool:
 
Quote from William Rennick:

FRI. 7/27 1:31 pm EST dow-86

The afternoon"Signal" confirms the morning signal and is NEGATIVE calling for further WEAK Market action this afternoon. I've already hit my sell order on my morning trade and I think I'll take a pass on the rest of the day. I usually don't like to enter into positions on a Friday afternoon with the possibilty of carrying it over the weekend. Everyone is setting up for a Crash scenario which means I smell a rat. This would be a good time for the big guys to throw in a surprise large buy program and screw all the little guys with their crash helmets on.

Rennick out :cool:
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While swimming some laps in da pool, I had a change of heart. Just off of my gut instinct I just went long with some aug 50 qqq calls. I'm looking for a buy program here, even though my beloved signal is calling for further WEAK Market action this afternoon. Programs are something that my signal can't forecast which is why I'm cutting across the grain on this one. I can just smell that buy program, can't you guys!!!

Rennick out:cool:

ps. for this rally, I say;"To the Moon Alice!!!" BTW, I got in with the dow down 109, paid 38 bucks per contract.
Dow is now down 65:cool:
 
Quote from William Rennick:

While swimming some laps in da pool, I had a change of heart. Just off of my gut instinct I just went long with some aug 50 qqq calls. I'm looking for a buy program here, even though my beloved signal is calling for further WEAK Market action this afternoon. Programs are something that my signal can't forecast which is why I'm cutting across the grain on this one. I can just smell that buy program, can't you guys!!!

Rennick out:cool:

ps. for this rally, I say;"To the Moon Alice!!!" BTW, I got in with the dow down 109, paid 38 bucks per contract.
Dow is now down 65:cool:
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how many contracts do you trade on average? if you dont might divulging that information.
 
Quote from William Rennick:

. . . Programs are something that my signal can't forecast which is why I'm cutting across the grain on this one. I can just smell that buy program, can't you guys!!!. . .
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Don't want to get crushed by the krell analytics of your synapses, but wouldn't it be wiser to sell just ahead of that point where buyers at day's lower prices (and there are plenty) extract their profits, rather than vice versa? Risk reward vantage point seems to argue against buying into the close.
 
Quote from William Rennick:

While swimming some laps in da pool, I had a change of heart. Just off of my gut instinct I just went long with some aug 50 qqq calls. I'm looking for a buy program here, even though my beloved signal is calling for further WEAK Market action this afternoon. Programs are something that my signal can't forecast which is why I'm cutting across the grain on this one. I can just smell that buy program, can't you guys!!!

Rennick out:cool:

ps. for this rally, I say;"To the Moon Alice!!!" BTW, I got in with the dow down 109, paid 38 bucks per contract.
Dow is now down 65:cool:
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I had a sell order on this at .45 which I
missed by 1 cent. I ended up bailing out at .31 for a loss of 7 bucks per contract.
I broke one of my trading rules on this one by trading on a hunch. I should have followed my signal's forecast and I would scored a double at least. Oh well...

Rennick out :cool:
 
Quote from walterjennings:

how many contracts do you trade on average? if you dont might divulging that information.
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My trades are of such size that my broker Fast Eddie needs an entourage.:D
 
Mon. 7/30 9:45 am EST dow+21

My signal came in at NEGATIVE calling for WEAK Market action this morning. Sell any rallys or just get in when you can, she's going down some more.

Rennick out:cool:
 
Quote from William Rennick:

Mon. 7/30 9:45 am EST dow+21

My signal came in at NEGATIVE calling for WEAK Market action this morning. Sell any rallys or just get in when you can, she's going down some more.

Rennick out:cool:
More...

weak rally will be sold again.
 
MON. 7/30 1:11 pm EST Dow+47

My afternoon signal also came in NEGATIVE calling for WEAK Market Action this afternoon. Sell any rallys today,(how bout this one) good luck fellas.

Rennick out:cool:
 
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