Good Morn. Looks like we're continuing yesterdays weak-lower direction. Any changes in the Ball, Oh Holy One.
WED. 9/6 1:35 pm Dow-43 The battle of positive vs. negative rages on in a scene reminisent of the Lord of the Rings where the mighty Gandalf turns to his fellow warriors and yells out "Bother you fools", He then dives after the evil Ballrock and battles it on the way down into the bottomless pit. The fierce battle goes back and forth until finally Gandalf is the victor. With the scene set the Amazing Rennick walks into the room accompanied today by the mighty Gandalf. After a first look into the "Chrystal Ball", Rennick calls Gandalf over for a second opinion. Rennick will now speak, "The mysterious Orb is calling for STRONG Market action this afternoon. With the help of Gandalf the White we shall battle together the dark forces that are trying to take todays Market down" With that Gandalf and Rennick go into full battle mode. Click the link below to see them in action.
Yeah, the ORB finally cracked (or at least gone opaque) ... that's OK, this sell-off is catching A LOT of folks by surprise ... d*mn Minx! edit: with the number of successful trades that thing generated, this is actually completely in the realm of "normalcy"
Rennick, if you happen to be down and out, this will probably make you feel better...=) **** Now I want you to remember that no bastard ever won a war by dying for his country. You won it by making the other poor dumb bastard die for his country. Men, all this stuff you've heard about America not wanting to fight, wanting to stay out of the war, is a lot of horse dung. Americans traditionally love to fight. All real Americans, love the sting of battle. When you were kids, you all admired the champion marble shooter, the fastest runner, the big league ball players, the toughest boxers ... Americans love a winner and will not tolerate a loser. Americans play to win all the time. I wouldn't give a hoot in Hell for a man who lost and laughed. That's why Americans have never lost and will never lose a war. Because the very thought of losing is hateful to Americans. Now, an army is a team. It lives, eats, sleeps, fights as a team. This individuality stuff is a bunch of crap. The Bilious bastards who wrote that stuff about individuality for the Saturday Evening Post, don't know anything more about real battle than they do about fornicating. Now we have the finest food and equipment, the best spirit, and the best men in the world. You know ... My God, I actually pity those poor bastards we're going up against. My God, I do. We're not just going to shoot the bastards, we're going to cut out their living guts and use them to grease the treads of our tanks. We're going to murder those lousy Hun bastards by the bushel. Now some of you boys, I know, are wondering whether or not you'll chicken out under fire. Don't worry about it. I can assure you that you'll all do your duty. The Nazis are the enemy. Wade into them. Spill their blood, shoot them in the belly. When you put your hand into a bunch of goo, that a moment before was your best friends face, you'll know what to do. Now there's another thing I want you to remember. I don't want to get any messages saying that we are holding our position. We're not holding anything, we'll let the Hun do that. We are advancing constantly, and we're not interested in holding onto anything except the enemy. We're going to hold onto him by the nose, and we're going to kick him in the ass. We're going to kick the hell out of him all the time, and we're going to go through him like crap through a goose. Now, there's one thing that you men will be able to say when you get back home, and you may thank God for it. Thirty years from now when you're sitting around your fireside with your grandson on your knee, and he asks you, What did you do in the great World War Two? You won't have to say, Well, I shoveled shit in Louisiana. Alright now, you sons of bitches, you know how I feel. I will be proud to lead you wonderful guys into battle anytime, anywhere. That's all. General George S. Patton, Jr.
Yeah, oh well... I thought it was going to nail another one but that little Beige Book thingie spoiled the party. I was finally able to blow the dust off of a stop and see if it still worked. Rennick out ps. not even bringing Gandalf in to save the day helped.
My dad (who is still in excellent health) served under Patton and saw him in person a couple times. One time, they were on the Saar river, six miles inside Germany, when Patton rolled up in a jeep. Dad heard him tell the lieutenant, "you will cross this river tonight at all cost", then he jumped back in the jeep and sped off. Patton was not popular with the troops because he would rather sacrifice men than lose a tank. Wouldn't you know it? I just signed up for the service whose-name-we shall-not-speak and this is the first signal I get. Got it wrong both AM and PM. Bummer.
Just thought I'd show this one more time. I have seen the "Ball's" call which seemed to be a miss score big the next session. I went overnite with my puts on this and sold immediately at today's open. It was the base hit I was looking for. For today's STRONG call I got stopped out after the Beige book came out. Tommorrows opening should be interesting to see if today's unfulfilled call has any effect. I doubt it though as I learned through an email that today's Ball reading went slightly negative after the Beige Book was released.
End of day summary DATELINE:WED. 9/6 1:35 pm Dow-43 THE CALL: "The mysterious Orb is calling for STRONG Market action this afternoon." THE RESULT w/chart: The Averages make several rally attempts but they throw in the towel after the 2 pm release of the Fed's Beige Book, closing near lows of the day. Dow - 63