I have to sit this market out as I am conflicted with the mighty Rennick.....I thought that scent out of the kitchen was that of a rally!
Batton down the hatches, the countertrend ended right on schedule as a large wave of selling hit at 3:16 pm. The old cook just put away the soup.
yes....keep em coming... edit...relentles...this is an overnight hold for sure...to bad i didnt keep any
The needle was threaded, the skyhook from halfcourt was, well...SWISH, nothing but net. Long Live that beautiful "Ball". Rennick out ps. Sorry guys, check out the chart and see how that call was really nailed. The market started its forecasted countertrend at 2:23 and ended at 3:16. I'm only bragging because I'm just the messanger. If it was solely my call a little modesty would prevail.
Rennick, I am not daytrading right now and am swing to longer term trading. Are your calls specially intraday. I am bearish NAZ, SP, but am not sure this is the time to buy additional shorts...maybe, maybe not. Appreciate your input.
FRI. 2/8 10 am dow-4 Was on special assignment yesterday and unable to post. I'm happy to report the "ball" nailed yesterday's market action as it was neutral all day. As for today the mighty "Ball" remains NEUTRAL calling for FLAT, choppy Market action until at least 12 pm. The Averages should roughly maintain current levels. Hold your fire for now. Rennick out