If the call was made at 9:40, then at noon the Dow gained 100 points since the call. Or are you saying we should judge the call at 1:05 pm? In that case it had gained about 60 points since the call. You call that flat? There needs to be consistency, so if +60 is flat, then the next time you call for strong action and the Dow only gains 60, then that must be judged incorrect.
The morning session ends at high noon New York time, or 12 pm eastern. The Averages at noon were very close to the 9:40am levels. Chalk it up beansie.
Beancounter does make a good point. Of course I have been known to both hate and love beancounters at the same time.
Thanks for the clarification. But you call 100 points higher "flat"? That needs to be chalked up as incorrect.
Im going off an I phone chart that shows the averages came way off their morning highs to be about 25-35 points higher than the 940 levels. I'll look at my main screen at home and if your claim of 100 points higher is true then of course you need to rack that call up as a loss. However, my iPhone says you are full of crapola.
Back at home base now, my Ameritrade feed shows the first Dow tick at 9:40 am EST was 11,353.91. The first Dow tick at 12 pm EST was 11,391.29. This is a 37.38 point range for the morning. That is a FLAT range by any measure. Chalk one in the win collumn Beansie. Rennick out
Market action was flat today, although if you picked your spots right there was a lot of volatility in individual issues.
Haters can only see what they want - SH*T. In the meantime, it WAS a flat morning - comparative to the volatile action we've had for many, many, many a month - and if the ball called for a STRONG drop - well pick your spot. . .it did pull back from the highs. But then again yesterday's STRONG rally had to be cherry picked as well (with today's early market, hence a "fulfillment". Either way. . .today was consolidation, MUCH looking forward to Beansie's/ et al's analysis - NOT!!!!
OK, I didn't look at the chart that closely. So we have 37.38 divided by 11353.91 equals a 0.33% move. We can define that as flat, if you want, but then it won't satisfy any "strong" or "weak" calls you make in the future. What will define a "strong" or "weak" move then? Greater than a 0.5% move? So far: 5 correct calls 6 incorrect calls