mr rennick...I have my own system...I have been killing it lately, but I watched the ball. it hits at around 81%...semper fi my friend...the rest of these folks have no clue!
Urgent Message From Rennick
- Thread starter William Rennick
- Start date
Quote from William Rennick:
Good luck trading Friday all. I'll be away on business and won't be posting or trading myself.
I'm having my broker sell out half of my aug. 47 qqq puts at the open. The other half will be held pending further negative "Ball" readings. Most likely I'll be holding them until the close on Friday.
Be careful, likely to be a monster day.
Rennick out
I'm out of here, I'll be monitoring the action on my xm radio as I'll be en route for much of the session. Hopefully the cell phone works on some of the country roads I'll be on. If so I'll be able to contact my broker from BFE. It's a hell of a time we live in fellas. My grampa didn't even have electricity and trapped for a living.
Looks like at least half of my position has kicked ass, which I'm selling at the open. I'm hearing alot of end of day rally talk this morning. Smells like a "Bull Trap", we shall see.
My two cents on how to trade today is from the movie "True Grit". Rooster Cogburn (The Duke) is on his horse facing 8-10 bad guys. He tells them to surrender, one of them shouts back "That's mighty big talk for a one eyed fat man". Rooster yells back"Fill your hands you son of a bitch". He then puts the reigns in his mouth, kicks the horse in the ribs and opens fire with 6 shooter in one hand, and lever action rifle in the other. Of course the Duke mowed em all down. Yea trade like that guys, because FEAR... that's the other guy's problem.
Rennick out
MON. 8/13 9:45 am dow +81
The mighty "Ball" is NEGATIVE calling for WEAK Market action during the Morning session. Sell any strength or do what I did and jump on in fellas, the water is fine...
Delmar Rennick out
The mighty "Ball" is NEGATIVE calling for WEAK Market action during the Morning session. Sell any strength or do what I did and jump on in fellas, the water is fine...
Delmar Rennick out
Quote from William Rennick:
MON. 8/13 9:45 am dow +81
The mighty "Ball" is NEGATIVE calling for WEAK Market action during the Morning session. Sell any strength or do what I did and jump on in fellas, the water is fine...
Delmar Rennick out
MON. 8/13 1:10 pm EST Dow+50
The damned thing nailed the morning and continues to be NEGATIVE calling for WEAK Market action this afternoon. Sell any rally attempts if you're not already short. Look for countertrends to peak at approx 2:30 and 3:15. THIS BABY IS GONNA REVERSE...YEEEHAWWWW
Rennick out
Quote from William Rennick:
MON. 8/13 1:10 pm EST Dow+50
The damned thing nailed the morning and continues to be NEGATIVE calling for WEAK Market action this afternoon. Sell any rally attempts if you're not already short. Look for countertrends to peak at approx 2:30 and 3:15. THIS BABY IS GONNA REVERSE...YEEEHAWWWW
Rennick out
What do you see happening into the close, smart?
Quote from William Rennick:
MON. 8/13 1:10 pm EST Dow+50
The damned thing nailed the morning and continues to be NEGATIVE calling for WEAK Market action this afternoon. Sell any rally attempts if you're not already short. Look for countertrends to peak at approx 2:30 and 3:15. THIS BABY IS GONNA REVERSE...YEEEHAWWWW
Rennick out
Sell now?
Quote from William Rennick:
MON. 8/13 1:10 pm EST Dow+50
The damned thing nailed the morning and continues to be NEGATIVE calling for WEAK Market action this afternoon. Sell any rally attempts if you're not already short. Look for countertrends to peak at approx 2:30 and 3:15. THIS BABY IS GONNA REVERSE...YEEEHAWWWW
Rennick out
With the Averages finally going red and closing at the lows of the day, there is only one thing to say... LONG LIVE THE FRIGGEN BALL!!!
Rennick out
You're the man, Wild Bill! 
