Urgent Message From Rennick

What I really want more than anything is a pullback toward 13,000...because I just want to see if CNBC will put up a flashing banner saying that we're approaching 13k, from the north side. Hmmm, I wonder if they would do that? Sure, it wouldn't be any kind of record, but it's still a round number, and therefore newsworthy.

 

LOL

 

Newsworthy, I think not, more like something to talk about. Those talking heads are really desparate for something to talk about or to flash across the screen.

I watch it with the volume off hoping one day Erin B. will try the naked news approach.

 

TUES. 7/24 10 am EST dow -98

I just recieved the morning signal which is NEUTRAL calling for FLAT Market action during the morning session. Expect the Averages to roughly maintain current levels until high noon.

This was my signal to close out my qqq put position for a nice gain. I paid .72 cents yesterday, and just sold them for .98 cents. I'll wait for the 1:05 pm forecast to see if I place another trade today.

Rennick out

 

TUES. 7/24 1:07 pm dow-74

The afternoon signal came in at NEUTRAL calling for continued FLAT Market action this afternoon. This confirms the morning call above which proved to be spot on.

Well that's my que to not trade and close down my computer for the day. I think I'll go see some old friends I've been neglecting to see lately. Take care fellas, and hold your loved ones close...you never know for sure if they'll always be there.

Rennick

 

SiSePuede! is banned, I gave him a public warning, and he decided to continue the course.

The thread can resume now...

 

Thank you. Mr. Rennick - carry on.

 

A thousand thank yous.

 

The dow is at the magic -150 number . When it closes around there a rally over the next few days is likely.

 

I learned just now that there was a special Market Update issued at 1:45 pm today. After the initial NEUTRAL call was issued I turned off my trading computer as I thought I was finished for the day. The special call changed to NEGATIVE calling for WEAK Market action moving into the close. The dow was down about 80 points when it was issued.

Sorry I missed this guys, I had some personal issues going on and was on the road this afternoon. I hope everyone made a pile today. I did well in the morning.

Rennick