Urgent Message From Rennick

Quote from contrary:

OK, I didn't look at the chart that closely. So we have 37.38 divided by 11353.91 equals a 0.33% move. We can define that as flat, if you want, but then it won't satisfy any "strong" or "weak" calls you make in the future. What will define a "strong" or "weak" move then? Greater than a 0.5% move?

So far:
5 correct calls
6 incorrect calls
More...

I just deleted a post critical of Contrary, and asking that we get a new "beancounter". He has stepped up like a man and shown honor. I lift an Old Milwaukee to Contrary and approve of him keeping tabs as long as he shows the honor he has just displayed in the previous post.
To answer your question Contrary, there are some calls which can go either way. In such cases common sense needs to prevail, as well as the big question: Would trading that call have had a better chance of being a winner or a loser? Another consideration needs to involve unfulfilled calls in which a trader goes overnight and is rewarded the next session. As I've stated before, the "Ball" has a powerful record of seemingly bad PM calls turning into winners the next session. This of course only should apply on sessions in which there is no major data being released the next morning. Having said that PM calls should still be judged on that days PM session, and given an asterisk if they pay off the next session .

Rennick out:cool:
 
That is a subjective question, and one that will result in more arguments between us in the future. I am trying to define things so that won't happen.
 
Quote from contrary:

That is a subjective question, and one that will result in more arguments between us in the future. I am trying to define things so that won't happen.
More...

Well if you want to be the Umpire, expect me to come out of the dugout like Bobby Cox when I don't like the call.
 
Regarding going overnight, I thought that was a trading no-no. Anyways I'd rather keep things simple and forget about calls carrying over to the next day.
 
Quote from contrary:

Regarding going overnight, I thought that was a trading no-no. Anyways I'd rather keep things simple and forget about calls carrying over to the next day.
More...

Not in my book, overnight is allright as long as there is no major data coming out before the next bell. Otherwise it's gambling. I agree about judging calls the day they are made, just hit it with an asterisk if it fulfills the next session. The "Smart Money" often use afternoon sessions to enter the next days positions. This explains the unfulfilled calls becoming fulfilled the next session phenom.

Rennick out :cool:
 
Quote from contrary:

That is a subjective question, and one that will result in more arguments between us in the future. I am trying to define things so that won't happen.
More...
sometimes cant see the forrest for the trees?
 

Attachments

THURS. 8/21 9:45 am dow-67

Another previous day's afternoon forecast is fulfilled after a very negative opening. For this morning the mighty "Ball" remains NEGATIVE calling for further WEAK Market action until high noon.

SELL ANY RALLY ATTEMPTS, SHE'S HEADING SOUTH.

Rennick out:cool:
 
(good one "Q".)

Look guys. . .this is real simple - and a bit more than I have time or energy to do.

Simply trade the best "Ball" days with a real time post of a "hypothetical" contract traded in the morning and afternoon.

Like right now. . .the Dow opened -100 or so and we had a bump up or "sell any rallies"/"calling for weak morning action". Since the Dow is now -40, simply open short position and cover YM short contract at say <b><i>a low</i></b> with said posted result!?!

If you use stops indicate as such, if you are to hold overnight say so.

Man, it's EASY!

pay$

PS At the end of say the quarter, total all points made or lost and compare it percentage-wise versus needed initial margin capital. Then compound your annual percent return and try to stay on track until year-end. (More contracts may have to be added to each trade once margin capital increases to meet compounded APR goal).

Then you will know if your (hypothetical) capital is "HEADED NORTH OR SOUTH" when you play with <b>the MIGHTY "Ball"</b>


:p
 
Quote from William Rennick:

THURS. 8/21 9:45 am dow-67

Another previous day's afternoon forecast is fulfilled after a very negative opening. For this morning the mighty "Ball" remains NEGATIVE calling for further WEAK Market action until high noon.

SELL ANY RALLY ATTEMPTS, SHE'S HEADING SOUTH.

Rennick out:cool:
More...
This call was incorrect. So far:
5 correct calls
7 incorrect calls
 
WWWWWHHHHHAAAAA!!!!!!!!


You didn't post the afternoon call. I KNEW you was a low-life and a LIAR, LIAR, pants on fire!!!!


WWWWHHHHHAAAAAAA!!!!!!

You do not KNOW how this affects my day!


- and I put my faith in YOU!! Hhmmpphhh!!!!

AWWWWWWWWWWWWWWWWWWWWWW!!!!!!!!!!!

SEE? I <b>KNEW</b> IT!!!!!!!!!!!!!!!!!



:cool:
 
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