The Chronicles of Rennick

today the damned thing was not only right on with the morning call but it also nailed a "flat, but with a positive bias " afternoon call. i'm waiting to get an email saying no more chrystal ball because goldman sachs or merril lynch just bought it and took it in house. enjoy it while it lasts..

the shack

 

I hope not, I'll be out of a job.

 

End of day summary:

Update time/ Dow level :
WED. 8/30 1:35 pm Dow +6

"Chrystal Ball's" forecast:
"The mysterious Orb has been neutral since this morning's opening and remains just barely NEUTRAL almost positive. Therefore I see a mostly flat afternoon with a positive bias. It is unlikely that any trend which emerges will be "tradable"

Result: Dow +13. Averages end a flat day of trading just as the "Ball" had predicted. The Chart below tells the story best

 

Sup Ren, I gazed at my ball in the mirror just now and it said ES will trade 1302-1313 today.

 

LOL

 

ES has traded between 1292 and 1308 since the open of 8/16 session, twelve days mired within a 16pt total range. If the tape slows down any further than this, it'll slip into a coma. Gotta love the typical second-half of August (in)action!

Long live "The Ball"

 

THURS. 8/31 1:25pm Dow+4

Rennick wearing overalls, conductors hat and carrying what looks like a haysickle enters the room. Mrs Rennick curtsees and offers the ceremonial Turbin, but the Amazing one waves it off as he moves to the podium. A quick look at the mighty "Chrystal Ball" and Rennick will now speak
"The all knowing Orb was neutral all day yesterday and neutral this morning. It remains NEUTRAL calling for FLAT Market action this afternoon."

Having learned he will not be trading today the Amazing One will now return to the clearing of brush on the back forty.

Rennick out

 

BRAVO, Knowing when not to trade is the greatest call of all.

MS

 

End of day summary

DATELINE: THURS. 8/31 1:25pm Dow+4

THE CALL:

"The all knowing Orb was neutral all day yesterday and neutral this morning. It remains NEUTRAL calling for FLAT Market action this afternoon.

THE RESULT w/chart:

After an extremely FLAT session,Dow - 1 at the close... SWISH nothing but net.

 

decipher this crazy-colored ball...



OT, i'm posting now from my shiny-new macbook pro.
This is by far the best computer I have ever used. I'm running parallels so I have XP running in another window, and it's running faster then my old thinkpad t42.