=================== Volente, dont know if Art Cashin wrote down the ES low of 1304.2 yesterday on his note book , but this is that , number. Longer term trends on ES favor the now weekly YM uptrends; however ES weekly trends are down.1300 seems likely also
ok Rennick, how is she going to close today? were you long this morning like the update called for?? i papertraded and am up nicely, but it looks like i should have captured the mornings profits
papertrading is next to useless. the psychology of loosing money, real money, is not something that can be simulated.
Alright Kid, My chrystal ball is very cloudy, must be the Fed Beige book at 2 pm. Pending no surprises in that data release here is my forecast: DOW +136 give or take 15 pts. The Amazing Rennick out
I know you guys ain't gonna believe thisbut I will swear on the Popes Bible himself, I was going to say Dow +68, and I thought that was too boring so I doubled it to +136. Go ahead start throwing the rocks, garbage, and rotten tomatoes I can take it. The Amazing Rennick out
When you put your neck out there and make mkt calls.... you leave yourself wide open ..... open for all kinds of criticism and even insults... its why most people dont do it. Only a few have the guts to put there necks out. They are the gladiators. Understanding full well that ones reputation can be washed away with one mkt call.... yet they still post. Do not worry Rennick...... mkt took me by the hand today... and lead me to the wood shed. Thats what i get for not following my plan.
================= He figures the probablities, like Volente; nice weekly bottom area call Volente, candlecharts agree with you. Higher highs/lows are good uptrend & down trend follows; lower highs/lows . Can take months/years to figure& work it well Actually we dont know for sure, figure the probabilities; if we did know for sure,stops would not be necessary. Actually ES & YM are a bit neat in the sense you can get downtrends or uptrends , usually , depending on what you want