Urgent Message From Rennick
- Thread starter William Rennick
- Start date
Quote from William Rennick:
THURS. 9/18 9:45 am dow+118
The "Ball" is POSITIVE calling for further STRONG Market action until at least high noon.
BUY THE DIPS, SHE"S OVERSOLD AND HEADING HIGHER.
Rennick out
Here something for Bill and his followers to understand. This morning the "Ball" is positive, but why is it so? Because it uses the price history of the last half session to reach a decision.
The Ball is like a man who looks twice a day. When he looks he seens half a day of price action. If it is up, he will tell you the future is up. If it is down, he tells you the future is down.
This means that the price action of yesterday's PM session is bullish. If WR issued the opposite call yesterday PM (which he could not because the ball used the information of yesterday' bearish morning) he would have come out here today to state something like an "unfullfilled PM call" (he does not understand that such a statement can also be used to show his calls to be wrong).
So based on the "mighty" Ball's logic, in hinsight, yesterday' AM was bearish, and yesterday PM was bullish. But what about in between? That is called a turning point, and it is what a timer is needed for.
And who nailed the turning point? Look at the posts of yesterday and you will find that RFT's calls nailed the turning point as it was happening.
Difference between RFT and WR:
1. WR sees the past past but only after half a day has passed, and only twice a day.
2. RFT sees the future, with a focus on identifying the turning points between the past and the future trend.
3. You should expect always a disagreement between WR and RFT at major turning points, because of points 1. and 2.
If you want the future, follow RFT. If you want to know the past (twice a day only) with a half day lag, then follow WR.
WR's calls should be useful for people who are blind/covering their eyes, as they cannot/do-not-want-to-see the past with a naked eye.
In other words if you need WR's call, you are blind but do not know it. That is all what it says.
It is now around 11:07AM. And some minutes ago a call was issued on RFT's mighty blog. Could anyone guess the direction of the call or make a prediction? 
LOL!Quote from Joab:
Joab use to think like that but now he just knows he's a genius.
or become a forum "moderator" (and remove some people posts!)
Quote from William Rennick:
THURS. 9/18 9:45 am dow+118
The "Ball" is POSITIVE calling for further STRONG Market action until at least high noon.
BUY THE DIPS, SHE"S OVERSOLD AND HEADING HIGHER.
Rennick out
I hope that you stayed positive this afternoon, and not followed a potential negative call from the ball in the afternoon.
Seriously Bill, re-read what I wrote about the turning point comment. It is at the core of why and when the ball misses.
The fact that you did not post the PM call (if it was negative) tells me that you understood. I may not post in here for sometime, so Good luck Bill!