My system trade for today (dip to 50ma on chart) agreed with Rennick's morning call, but my system continued to be bullish throughout the day.
Urgent Message From Rennick
- Thread starter William Rennick
- Start date
In reality the slump started when Rennick took that "Wild Hogs" vacation.
Something went down on that vacation that effected his "predictive powers."
Maybe the mayonnaise jar has been tampered with?
Maybe Funk & Wagnel has sold out?
"Rennick, what mind altering substances did you partake of on that Wild Hogs vacation?"
Ok I will (talk to the hand that is)
I did some backtesting of the "Chrystal Ball" ( only the afternoon call)
How I did it :
The website where the Chrystal Ball is released has historical CTI releases back to November 2005. In the release, there is:
- the signal (WEAK,FLAT,STRONG)
- the change from yesterdays close at the time of writing, in the DOW, NASDAQ and S&P 500
Since I dont have intraday data, I used the change from yesterdays close to approximate a buying/selling point (Do nothing if FLAT). Then exited the position at the close. (Before July 24, 2006 only the DOW was quoted)
*I know that this doesnt show the true profitability of the indicator because there are specifications on how to use it. Unfortunately, I can not test that without intraday data. However, this approach will give a basic indicator on the profitability and whether you should be listening.
I decided to only to test it on the NASDAQ and the DOW.
On the NASDAQ, starting Monday, July 24, 2006. There were 84 profitable calls and 81 unprofitable (50.9% success rate). The net return was 10.5% annually.
On the Dow, starting Thursday, December 08, 2005. There were 158 profitable calls and 112 unprofitable (58.5% success rate). The net return was 12.8% annually.
On the Dow, starting Monday, July 24, 2006 (to compare it to the NASDAQ). There were 96 profitable calls and 69 unprofitable (58.1% success rate). The net return was 13.4% annually.
As you can see the basic approach taken does as well as the market (plus alot of commisions).
Make your choice wisely.
Remeber that options change everything
I did some backtesting of the "Chrystal Ball" ( only the afternoon call)
How I did it :
The website where the Chrystal Ball is released has historical CTI releases back to November 2005. In the release, there is:
- the signal (WEAK,FLAT,STRONG)
- the change from yesterdays close at the time of writing, in the DOW, NASDAQ and S&P 500
Since I dont have intraday data, I used the change from yesterdays close to approximate a buying/selling point (Do nothing if FLAT). Then exited the position at the close. (Before July 24, 2006 only the DOW was quoted)
*I know that this doesnt show the true profitability of the indicator because there are specifications on how to use it. Unfortunately, I can not test that without intraday data. However, this approach will give a basic indicator on the profitability and whether you should be listening.
I decided to only to test it on the NASDAQ and the DOW.
On the NASDAQ, starting Monday, July 24, 2006. There were 84 profitable calls and 81 unprofitable (50.9% success rate). The net return was 10.5% annually.
On the Dow, starting Thursday, December 08, 2005. There were 158 profitable calls and 112 unprofitable (58.5% success rate). The net return was 12.8% annually.
On the Dow, starting Monday, July 24, 2006 (to compare it to the NASDAQ). There were 96 profitable calls and 69 unprofitable (58.1% success rate). The net return was 13.4% annually.
As you can see the basic approach taken does as well as the market (plus alot of commisions).
Make your choice wisely.
Remeber that options change everything
Here is your "Ball" my friends.
tomorrows Employment report at 8:30 AM will set the market for a big yea or a neah. If the job numbers don't JIVE and indicate a rate cut in the near futures..watch out. We dive . We are now up over 6 percent for the bottom..
Thats from the"FAST'" Ball x.x.x.x.x.
tomorrows Employment report at 8:30 AM will set the market for a big yea or a neah. If the job numbers don't JIVE and indicate a rate cut in the near futures..watch out. We dive . We are now up over 6 percent for the bottom..
Thats from the"FAST'" Ball x.x.x.x.x.
Futures up HUUUUUGE
my crystal ball tells me we'll have another great day tom.
my crystal ball tells me we'll have another great day tom.
Quote from ABCAC:
Ok I will (talk to the hand that is)
I did some backtesting of the "Chrystal Ball" ( only the afternoon call)
As you can see the basic approach taken does as well as the market (plus alot of commisions).
Make your choice wisely.
Remeber that options change everything
This jackass is applying fuzzy and biased math to judge the mighty Ball and he cant even spell
As I explained it is biased because it isnt the exact strategy set out by "TraderRich". However, it is NOT fuzzy in anyway. It proves that just taking the calls blindly is not a good idea. You have to watch the markets and if you follow his advice it might work out better. If you can offer any way of verifying the crystal ball I would love to see it working (more money for all of us).
Anyways Im surprised you have to resort to name calling to get your point across.
Anyways Im surprised you have to resort to name calling to get your point across.
Quote from William Rennick:
ok Fellas, the "Ball" has had a couple of missed afternoon calls in a row. I've just wrapped her in a protective blanket and placed it along side of me in my foxhole. Go ahead and start firing away with rocks, garbage, and rotton tomatoes. The"Ball" will not fall under my watch!!!!
Rennick out
ps. the Ball's record for unfulfilled calls panning out the next morning is pretty impressive. Therefore, for the 3rd straight day this Wild trader is going OVERNITE!!!
Hey Rennick,
Ive got a bumper crop of tomatoes. Your next BLT is on me... Fresh and delicious! But keep in mind, I am prepared to provide weaponry to the entire Elite Guard if this continues.
Osorico