The S&P put in another short term bottom on April 11

Discussion in 'Trading' started by volente_00, Apr 11, 2006.

Did the S&P just put in another short term bottom on April 11 at 1283 ?

  1. Right on, see you shorties at 1334.

    32 vote(s)
    53.3%
  2. The last 4 calls were pure luck, we are going much lower than 1283.

    28 vote(s)
    46.7%
  1. To be clear, that was 70 hour cash for the group. And there were 4 not 5,( iwas counting the gringo boss) That comes out to $17.50 each before withholding.

    Rennick
     
    #171     Apr 27, 2006
  2. Hooollllleeeee Crap, or should I say Grail,
    you called me kid, so I guess it's ok if I say, "nice call old timer"
    todays near bullseye, and i thought it was until 4:02 when it ticked up from +26 to +28, was your best call yet. why does the market still keep moving after the bell, like a train that is hard to stop i guess.
    keep it up rennick ( no thats not a viagra joke):cool:
     
    #172     Apr 27, 2006
  3. Good job Rennick. Right on the money on this one.
     
    #173     Apr 27, 2006
  4. Calm down Kid,
    Sorry about missing it by 2 pts., the old eyes ain't what they used to be, through the cloudy chrystal ball that 28 looked like a 26. I'll only take partial credit though, my timing guy called for a Flat close at 1:05 pm EST. I just added the likely point range. Hey guys I have to go , Jack Schwager author of Trading Wizards is holding on line one.

    Rennick out
    ps. autographed pics of me in action just went up, BOOOYAAAAA
     
    #174     Apr 27, 2006
  5. xxxskier

    xxxskier Guest

    anybody notice that the move up today was accompanied with poor market internals?

    todays up move didn't feel right to me....if internals don't signicantly improve in the next few days i will either stay away or have a short bias....btw i trade ES.
     
    #175     Apr 27, 2006
  6. volente_00

    volente_00

  7. i see an incestuous mkt that won't stp anytime soon...on a note i remind u all that buffett sold 14bil of spx put options exp 2008-09[?]recently, hee hee.
     
    #177     Apr 27, 2006
  8. What's so hard about predicting that a market that rallied and retraced will close at near the same level it was at 1 hr before the close?

    Sorry, I just don't see the brilliance. Think of it as tying a shoe. You pull the laces really tight, then loosen them up a little bit and in the end they are neither as tight nor as loose as they were at the extremes. We would have had to be up 100 points (and not in a spike) for it to turn into a trending day.
     
    #178     Apr 27, 2006
  9. xxxskier

    xxxskier Guest

    volente,

    although i trade ES, i still watch the dow. today i see a bearish divergence between NYSE advance/decline line and the dow making a new high. breadth needs to improve to sustain the high in my opinion.
     
    #179     Apr 27, 2006
  10. I am new to this ,but your messing with a guy who along with lilduck are the only ones not giving me the cold shoulder. he may just be on one hell of lucky streak, but I'm impressed. the thing is he told me that this was possible, and the old guy is proving it. I went ahead and put together his 4 calls. i believe him about yesterdays call but it sounds screwy so we'll count it against him for the sake of no bullshiting. hhere are his calls this week, i've seen some of the vague predictions from others here on ET, this guy is putting specific points on the calls.


    **Actual Dow closed +11**
    __________________________________________________


     
    #180     Apr 27, 2006