Thurs. 9/7 1:49pm Dow -20 Rennick enters the room without the badluck schlepprock Gandalf the White. After jinxing yesterdays call he has been banned from the "Chrystal Ball" reading area. He also was busted down a rank back to Gandalf the Grey. Now Rennick has approached the "Ball" taken a look and apparantly likes what he sees. He joyfully does one of his patented hitch kicks and begins to do the running man on his way to the podium. "Calm down William", Mrs. Rennick barks while threateningly lifting a heavy frying pan. Rennick yes mams her and takes the mic: "The mighty "Ball" which nailed the morning action is calling for continued WEAK Market action this afternoon. Sell any strength fellas. A supersticous Rennick will now go into the kitchen and start knocking over salt shakers to get the sell-off rolling. The Amazing Rennick has spoken
I'm gonna take up this wrecking the kitchen when I've a short on. Sure makes you feel like you're accomplishing something.
Just like when Tiger gets hit with the rare bogey, he always tries to follow it up with a spectacular birdie. Nice call for the Ball today. MS
End of day summary DATELINE: Thurs. 9/7 1:49pm Dow -20. THE CALL: "The mighty "Ball" which nailed the morning action is calling for continued WEAK Market action this afternoon. Sell any strength fellas. THE RESULT w/chart: Sustained Down-trend begins just after Rennicks Update is made with the Averages closing near lows of day. Dow -74
FRIDAY!!! 9/8 1:20pm Dow+38 A running late for a meeting Rennick enters the room, glances quickly at the mighty "Chrystal Ball" and will now speak: "The "Ball" which has been positive since the Opening remains so and is calling for a continuation of the Up-trend this afternoon. Stay the course my good fellows (and of course the ladies)." The Amazing Rennick has left the building.
Would the amazing WR be so kind to explain the chart. Since my native language is not English simple English would do. I suspect there is no point in asking for more informations regarding the crystal ball or whether the CB works in other markets as well? How about morning calls - or did I overread that somewhere?? Thank you anyway. Charly