Risky's call was a "prediction" for 1:30 PM posted at exactly 2 PM. I do love his knee-jerk fading of the ball, but these days if you're going to go against the ball you'd better have two of your own.
Looking at a Nasdaq chart (and the trend/timeframes are likely similar with the other indexes) whether you take 1:30pm or the 2pm post - we were near highs. So RTF did get it right - for the next twenty minutes and like WM said..."buy the dip" as it HAS rallied. Where it ends up (new highs or lower than now) remains to be seen. Buying earlier and selling at around 2 - then buying again at 2:20 and selling now WOULD BE a healthy gainpS
I was on the NQ chart and it immediately broke trend the moment he posted. That is why I posted 1 minute after he did because I thought it was pretty funny. Perhaps he was looking at futures to make his call.
FYI, The mighty "BALL" was POSITIVE at 9:35 calling for STRONG Market action. At the time the dow was down over 60 and everyone and his brother had their crash helmets on. LONG LIVE THE FRIGGEN BALL. BTW, the afternoon call was good enough to trade. I consider this call still unfulfilled. Anyone going long overnight should kick some ass. Rennick out
No Sir, I waved goodbye to Elliots snakeoil years ago. Dunno how the"Ball" works, but I know it tracks the smart money, whatever the hell that means. Rennick out