Urgent Message From Rennick

well in that case, Dick rhymes with Slick?:eek:

 

TUES. 8/7 9:50 am EST. dow-82

The "Ball" is POSITIVE calling for STRONG Market action during the Morning session. BUY THIS DIP, SO IT IS SAID.SO SHALL IT BE!!!

The Amazing Rennick out

 

That was a good call again. Personally I would take short gains from now til FOMC. Out of 4 possible situations tied to the annuouncement, only 1 of them favors a market rally.

 

TUES. 8/7 1:15 pm Dow+15

The "Ball" which tracks the so called "smart money" is NEUTRAL calling for FLAT Market action at least until the 2:15 FOMC statement. This thing is often neutral in front of major breaking economic data. I guess that is the best place for all of us to be. Man have I lost my keister in the past by holding a position into a policy statement release. Good luck to any of you wild men (you too Rimes) betting in front of this.

Rennick Gandalf (the white)out

 

Edit: the proper place for us to be this afternoon is on the sidelines.


Krazy- OUT!

 

While I don't possess the great Chrystal Ball, I think it's buy buy buy time once FOMC is out.

 

In my opinion we may get a short lived rally into the declining 20 ema (SPX 1490-1492) and then head lower.

 

WED. 8/8 9:54 am EST dow+54

The "BALL" is POSITIVE calling for STRONG Market action during the morning session.
If you see any dips until high noon...Buy em Pilgrims!!!

Rennick out

 

You've made some great calls but I think you're gonna eat it today. We're at the 50% retracement of the move and I don't think the all clear is out there.