Urgent Message From Rennick
- Thread starter William Rennick
- Start date
Quote from pav:
Is it just me or is the ball getting rusty? Congrats on breaking even yesterday, though.
I ended up taking a 30% loss on my qqq puts while paper-trading it from yesterday afternoon until this afternoon.
Teach me, bill
You have to play these calls from update to update. You also have to realize that the call is wrong about 25 times out of a hundred. Figure out or study the recommended trading methods associated with the ball and you'll know it's important to use a stop. Mine are very loose since I trade options.The most important part of trading is to keep your losses as small as possible, while figuring out how let the winners run.
WED. 8/22 9:45 am EST dow +101
The "Ball" is POSITIVE calling for STRONG Market action this morning.
OUCH!!! That damned overnite trade was just dumped for a nice loss. Now I remember why I hate overnites, sometimes. Anywho, it ain't all roses, this was my fault. I should have not gone overnite in a queit market. It needs to be trending better, then those odds are in your favor.
Rennick out
ps. BUY THE DIPS THIS MORNING
The "Ball" is POSITIVE calling for STRONG Market action this morning.
OUCH!!! That damned overnite trade was just dumped for a nice loss. Now I remember why I hate overnites, sometimes. Anywho, it ain't all roses, this was my fault. I should have not gone overnite in a queit market. It needs to be trending better, then those odds are in your favor.
Rennick out
ps. BUY THE DIPS THIS MORNING
WED. 8/22 1:10pmEST dow+76
The mighty "Ball" has turned NEGATIVE and is now calling for WEAK Market action this afternoon. I'm already short again, this thing could get hairy to the downside CRASH AND BURN BABY...
Rennick out
The mighty "Ball" has turned NEGATIVE and is now calling for WEAK Market action this afternoon. I'm already short again, this thing could get hairy to the downside CRASH AND BURN BABY...
Rennick out
Quote from William Rennick:
WED. 8/22 1:10pmEST dow+76
The mighty "Ball" has turned NEGATIVE and is now calling for WEAK Market action this afternoon. I'm already short again, this thing could get hairy to the downside CRASH AND BURN BABY...
Rennick out
So we finally got the dip (as in "buy the dip") and now the signal is short?
Come on! Make up your mind Rennick!
LOL, Indeed, sometimes the flow of the Market changes intraday. These calls are only good until the next update. If the afternoon call confirms the morning call then stay the course. If it changes then you go with the fresh one. The Ball nailed the Morning and will now nail the afternoon. So it is said, so shall it be. CRASH AND BURN BABY.
Rennick out
Rennick,
Question:
"Are you the "Great Carnac" (from the old Johnny Carson show)
coming out of retirement?"
"If so, are these calls coming out of a mayonnaise jar protected by Funk & Wagnels?"
Jeff
You could also say Flat, but it moved to the high of the day in the AM and maintained until noon. Therefore a good call. It said STRONG, never said BUY, thats your call.
Rennick
That's pretty funny Piker, stay long at your own peril. This baby will sell off today Fellas, that's money in the bank. You've got about 20 more minutes until she goes.
Rennick out
ps. Long Dong Silver would have envied the length of that 2:15 red candle.