After nailing BOTH the top AND the bottom on Thursday, RFT is doing it again in his blog: 1. At 10:41AM: he called the top of NDX at 1847 and he is right. 2. At 12:56PM he called the bottom of the afternoon BEFORE it was reached. That is the area of 1797 where he forecast the strong buyers to be hiding. So far he is right. At 1:02PM he started killing bears by scaling in (after being bear himself on the move down from 1847 to 1803). The streak of DOUBLE nailing of tops and bottoms continues! RFT ( He is brining the game to another level! Who wants to join him in the challenge in DOUBLE nailing daily tops and bottoms at the 1-minute level!)
No billy bill. You may be shorting at the bottom of the day my friend. According to RFT's reading of NDX the bottom is in area of 1800, and also the market will NOT finish at the bottom. Therefore shorting after 2:28PM can lead to just two things: losses, no gains, and at best a tiny gain.
3:08 pm dow-69 ***URGENT MESSAGE*** This should be the final rally attempt for the afternoon. THIS IS A COUNTER-TREND WHICH SHOULD PEAK AT APPROX 3:15 NEW YORK TIME. USE AS A SHORT ENTRY... RENNICK OUT ps. LET THE SELLING RESUME!
What did I tell you folks? I told you that we were at the bottom. And I predicted at 1:00PM! You see I have nailed BOTH the daily top and bottom of today, Thursday, , Wednesday, and Tuesday. The streak of double nailing continues. Could can match this RFT guy? As I type this, NDX is at 1838. Today's calls led to 85 NDX points! That is close to 5% gains on NDX in one day only when the index "did not move much"! RFT (the man who has the ear of the market! The best market timer that history will ever know)