WED. 9/13 1:45pm Dow+26 A bored looking Rennick wearing swimming trunks,flip flops, and what appears to be an Old Milwaukee tall boy approaches the mighty "Chrystal Ball". He takes an uninterested look, mumbles out "Yea that's what I figured" and begins to leave the room without addressing the microphone. An alert Mrs. Rennick yells out "William, just where do you think your going!!!" Rennick mumbles something about going to Hooters to have a beer. A now angry Mrs. Rennick snaps her fingers at the security guard posted in front of the "Ball-room" to grab Rennick and bring him back. The huge guard drags Rennick to the mic and in a scene reminisant of Yeltsin standing at the mic with Gorbechev, tells him to read it now!!! Rennick grabs the mic, "Alright back off Mister, I've fought bigger than you just to get to the fight. The "BALL" has been neutral since this morning, and it remains NEUTRAL. This means FLAT Market action with the Averages roughly maintaining current levels" "You got that Sasquatch", Rennick yells at the guard after pimp slapping him in the back of the head and running out the door. Rennick has left the building
thank mrs. rennick for me. edit: i am once again going against the ball and calling STRONG action up until 3:40 EST. I will probably get my ass handed to me. cest la vie.
Actually the best call in hindsight would have been STRONG(for anyone with perfect timing). But the "BALL" really focuses on the close and the Averages didn't finish too far from the Update level. The dow was +26 at 1:45, and finished +45 for a whopping gain of 19 points. The high of the day was probably good for a base hit for anyone long,and who would have sold. This was one of those days when if you did trade you had to have good timing. Otherwise the Flat call looked pretty good, and wise in front of tommorrow mornings big economic data.
End of day summary DATELINE: WED. 9/13 1:45pm Dow+26 THE CALL: The "BALL" has been neutral since this morning, and it remains NEUTRAL. This means FLAT Market action with the Averages roughly maintaining current levels" THE RESULT w/chart: Dow closes +45, or 19 points above the Update level
karl and the "mighty" ball.... <img src=http://www.csudh.edu/athletics/images/players0405/baseball-eda2-175w.jpg>
Not with the qqq's I'm trading, are you serious that you could make money with a 19 point dow move? Please tell more, I'm all ears. I'm assuming your talking e minis. Some other guy made a good case to me for trading those. I still say the Dow changing from +26 to +45 in an afternoon is somewhat flat. I guess it has alot to do with what your target is, and what you're trading.
THURS. 9/14 1:46 pm Dow-11 I'll have to keep it short and sweet today guys, running late for a tee time. The mighty "Chrystal Ball" which nailed this mornings action by being neutral(flat) is now POSITIVE calling for STRONG Market action this afternoon I hope it goes through the roof for those who are long. I'm out the door to the place I love best,,,FOUR!!! "CHI-CHI" Rennick out
Yes and no. Theoretically 19 YM points x $5.00 x 1000 contracts is around $95,000.00 minus commissions/slippage.... Not a full home run, I agree, and probably not a complete base hit either, but hey....it'll buy you some beers at Hooters.