Urgent Message From Rennick

Have fun in the water.

Personally I don't believe in shorting this rally just yet, it's probably one of those phantom rallys that will sneak up on you and drift hundreds of points higher. I'm flat for right now.
 
Quote from Cache Landing:

I'm not saying that rennick is the best forecaster ever, but I'm wondering why you are being so hard on him. Is there some histroy there that I don't know about?
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Yes, I am trying to convert all his followers, so that I can become a new leader and type my posts in bold letters. :)
 
Quote from nonlinear5:

Reality check below (Dow up 200 since the first call):
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You said s&p 500 up 25 and it was 13, now you say dow + 200, and it's really +150,

Get your facts straight piker. BTW , in case you didn't know these are intraday calls. Why the hell are you mentioning yesterdays morning call. Today's morning call was a thing of BEAUTY.:cool:

edit; Actually my numbers are wrong, this jackass is adding both days together. Yesterday's call missed by about 9 s&p 500, and 60 dow points. Today's calls need to judged from the times they were made. This ain't rubberbirds thread where the calls last for months or until he takes credit for every big down move.
 
Quote from nonlinear5:

Thank you. Both the Dow and the S&P will close at their intraday highs today.

- nonlinear out.
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I'm heading into town, i'll be sure to pick up extra cases of rotten tomatoes for everyone to open fire on piker boy at the close.

:D
 
Quote from nonlinear5:

Thank you. Both the Dow and the S&P will close at their intraday highs today.

- nonlinear out.
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not unless it can break through heavy resistance at 1484-ish. And it will need a shift out of bonds to do it. As we speak there is a small shift into bonds that has taken us back down to support. It appears right now that we will close between 1480 and 1484. But that would support Rennick, so I have to come up sith something different. My crystal ball is in the shop, what should I do?:D
 
Quote from nonlinear5:

The guru is long, so follow the guru:
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the guru is in the red then.

All things pointing to a flat to slightly negative close now. Shift into bonds is stealing positive close from equities.
 
Bulls can say what they want, but that fast shift into bonds right into the closing bell wasn't a good sign. People don't want to own bonds for the returns right now. They want them for the protection.

Lots of buyers at SPX 1465 though. Maybe if they cross their fingers hard enough there will be some good earnings or something.
 
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