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krazykarl
Registered: Jan 2006
Posts: 2964 |
07-25-06 06:39 PM
Quote from William Rennick:
MONDAY 7-24-06 1:30 pm dow + 129
I'll keep it short and sweet without all the fanfare, turn off the computers guys. The mighty "Chrystal Ball" is calling for FLAT Market action with the Averages expected to roughly maintain current levels this afternoon. Now, I'm going to pressure wash my deck, then hit the course for a quick 9.
Rennick out
what happened here? the ball was wrong! 
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William Rennick
Registered: Dec 2005
Posts: 3422 |
07-25-06 06:53 PM
Quote from krazykarl:
what happened here? the ball was wrong!
Quote from William Rennick:
Ideally it would land precisely on 129. My call was for the Averages to roughly maintain that level. This means a certain amount of plus/minus latitude. On a day with the dow up 129 when the call was made, a 30 pt. plus/minus would be a reasonable range to considered "FLAT". Therefore I'll say the call was off by about 23 Dow points if you use 129 as a benchmark, not too far off.
Here is some " Inside Info" that you don't know. The "Chrystal Ball" I use consists of a Morning call (which I'm not posting) and the Afternoon call (which I have been posting). Todays Morning call was for "STRONG" Market action until the Afternoon update. At 9:43 am this morning I went long the QQQ's with the Dow up about 65. I hit my automatic sell order just before noon and was finished for the day with a great gain. I was actually glad the "chrystal ball" gave a NEUTRAL reading for the afternoon since I already hit my upside target. Obviously with 20/20 hindsight it would have been best to stay for the close. However , I learned a long time ago to set an upside goal and if it gets hit then I had a great day. The Dow was up 145 when my sell order was filled, so I didn't leave that much on the table. Plus I was able to golfing while the Market was still open.
That's the way I've been trading since I discovered my "Chrystal Ball".
Rennick out
Actually it was pretty good, I'll bet you a quarter that today's call will leave all the FLAMERS without anything to throw.
Last post of the day, I've got a 3 iron to tame down at the range.
Rennick "Hogan" out
Quote from William Rennick:
TUESDAY, 7/25/06 1:30pm EDT DOW -24
The Old "Chrystal Ball" had a good morning session and with the Dow currently down 24 it is forecasting FLAT Market action this afternoon, with the Averages expected to close near current levels. That's my signal to grab the clubs and head out to the range.
Rennick out
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Pekelo
Registered: Aug 2005
Posts: 8931 |
07-25-06 10:33 PM
Quote from William Rennick:
I'll bet you a quarter that today's call will leave all the FLAMERS without anything to throw.
Nope. Wrong prediction. Not a flamer, just pointing out that there was a huge rally in the afternoon and from your -24 it ran up to 80+ and closed at 53+. Definiatelly not flat action, as your ball said.
I know prediction is a hard business, I also do that. I am a bit disappointed though that it is actually a service and not your own ...
Well, anyway, keep them coming...
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William Rennick
Registered: Dec 2005
Posts: 3422 |
07-26-06 03:00 PM
Quote from Pekelo:
Nope. Wrong prediction. Not a flamer, just pointing out that there was a huge rally in the afternoon and from your -24 it ran up to 80+ and closed at 53+. Definiatelly not flat action, as your ball said.
I know prediction is a hard business, I also do that. I am a bit disappointed though that it is actually a service and not your own ...
Well, anyway, keep them coming...
Oh yea this one was wrong, thanks to rumors hitting the Street at 2:45 that the 2 Israeli soldiers had been released. The Market weakened into the Close when the story was found to be BS. The action had been very flat until 2:45. A missed oppurtunity, so goes the Market.
Rennick
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William Rennick
Registered: Dec 2005
Posts: 3422 |
07-26-06 06:27 PM
WED. 7/26/06 1:21 pm EDT DOW +3
Barring no surprises in the 2 pm Beige Book report, the "Chrystal Ball" is calling for positive Market action with an up-trend expected this afternoon. Rennick will now take the Turbin off of his head before the visiting grandchildren see him.
Rennick out
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William Rennick
Registered: Dec 2005
Posts: 3422 |
07-26-06 07:50 PM
Quote from William Rennick:
WED. 7/26/06 1:21 pm EDT DOW +3
Barring no surprises in the 2 pm Beige Book report, the "Chrystal Ball" is calling for positive Market action with an up-trend expected this afternoon. Rennick will now take the Turbin off of his head before the visiting grandchildren see him.
Rennick out
2:51 pm update DOW +40
steady as she goes
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