The 9:40 am Morning call was NEUTRAL, calling for FLAT Market action during the morning session. With only 25 minutes to go till noon, so far it's been right on target. I'll be back around 1:30
FRI. 8/4 1:35pm Dow -15 With the cerimonial Turbin now in place Rennick gives the mighty "Chrystal Ball" a vigorous massage. From the mist Rennick sees FLAT Market action with the majority of the Averages settling near unchanged and the Dow up 26 points (give or take 12 points)at the close. That is all, the Amazing Rennick has spoken.
I was challenged by a member to make a precise forecast ,so except for my guess as to where the dow (+26) would land, the "Ball" itself had another good day.
MON. 8/7 1:41 pm Dow - 6 points After dutifully throwing a spit-shine and knocking a weedends full of dust off the mighty Chrystal Ball the still hot mama Mrs. Rennick leaves the room to finish her kitchen duties. The Amazing Rennick will now speak,,"I see a boring afternoon ahead full of FLAT Market action and the Averages ending near current levels. You would be better to shut off your comps and go get an ice cream cone" Once again, the Amazing Rennick has spoken.
To avoid having to answer PMs on this, The "CHRYSTAL BALL" nailed this mornings action with a WEAK Forecast for the AM session. Now I'm outta here. Rennick
The "Chrystal Balls" actual afternoon update time is 1:05 pm EDT which had the dow -19 points calling for FLAT Market action with the Averages closing near update (1:05 pm levels.) Below is today's chart of what actually happened. With the Dow closing -20 it's another good day for the "BALL"...
If you want to see an honest to goodness real thing edge visit my journal. It's what I use and to prove it works I'm posting everthing in my journal, good or bad. Come on in fellas ,the water is fine. Rennick http://www.elitetrader.com/vb/showt...6&pagenumber=19 Just found this thread through this link. What is your crystal ball. I don't see it explained anywhere. I would love to participate and understand it also.