Urgent Message From Rennick

Discussion in 'Trading' started by William Rennick, Jul 17, 2007.

  1. My system trade for today (dip to 50ma on chart) agreed with Rennick's morning call, but my system continued to be bullish throughout the day.
     
    #591     Aug 22, 2007

  2. In reality the slump started when Rennick took that "Wild Hogs" vacation.
    Something went down on that vacation that effected his "predictive powers."
    Maybe the mayonnaise jar has been tampered with?
    Maybe Funk & Wagnel has sold out?

    "Rennick, what mind altering substances did you partake of on that Wild Hogs vacation?"
     
    #592     Aug 22, 2007
  3. nkhoi

    nkhoi

    [​IMG]
     
    #593     Aug 22, 2007
  4. ABCAC

    ABCAC

    Ok I will (talk to the hand that is)

    I did some backtesting of the "Chrystal Ball" ( only the afternoon call)

    How I did it :

    The website where the Chrystal Ball is released has historical CTI releases back to November 2005. In the release, there is:
    - the signal (WEAK,FLAT,STRONG)
    - the change from yesterdays close at the time of writing, in the DOW, NASDAQ and S&P 500
    Since I dont have intraday data, I used the change from yesterdays close to approximate a buying/selling point (Do nothing if FLAT). Then exited the position at the close. (Before July 24, 2006 only the DOW was quoted)


    *I know that this doesnt show the true profitability of the indicator because there are specifications on how to use it. Unfortunately, I can not test that without intraday data. However, this approach will give a basic indicator on the profitability and whether you should be listening.

    I decided to only to test it on the NASDAQ and the DOW.

    On the NASDAQ, starting Monday, July 24, 2006. There were 84 profitable calls and 81 unprofitable (50.9% success rate). The net return was 10.5% annually.

    On the Dow, starting Thursday, December 08, 2005. There were 158 profitable calls and 112 unprofitable (58.5% success rate). The net return was 12.8% annually.

    On the Dow, starting Monday, July 24, 2006 (to compare it to the NASDAQ). There were 96 profitable calls and 69 unprofitable (58.1% success rate). The net return was 13.4% annually.

    As you can see the basic approach taken does as well as the market (plus alot of commisions).

    Make your choice wisely.

    Remeber that options change everything :)
     
    #594     Aug 22, 2007
  5. FAST.AM

    FAST.AM

    Here is your "Ball" my friends.
    tomorrows Employment report at 8:30 AM will set the market for a big yea or a neah. If the job numbers don't JIVE and indicate a rate cut in the near futures..watch out. We dive . We are now up over 6 percent for the bottom..
    Thats from the"FAST'" Ball x.x.x.x.x.
     
    #595     Aug 22, 2007
  6. ABCAC

    ABCAC

    One other thing.

    Rennick if the ball actually works I would be a fool not to use it, but I would also be a fool if I believed them straight up.


    Btw did anyone notice how many times I missed spelled crystal :)
     
    #596     Aug 22, 2007
  7. Futures up HUUUUUGE

    my crystal ball tells me we'll have another great day tom. :)
     
    #597     Aug 22, 2007
  8. This jackass is applying fuzzy and biased math to judge the mighty Ball and he cant even spell
     
    #598     Aug 22, 2007
  9. ABCAC

    ABCAC

    As I explained it is biased because it isnt the exact strategy set out by "TraderRich". However, it is NOT fuzzy in anyway. It proves that just taking the calls blindly is not a good idea. You have to watch the markets and if you follow his advice it might work out better. If you can offer any way of verifying the crystal ball I would love to see it working (more money for all of us).

    Anyways Im surprised you have to resort to name calling to get your point across.
     
    #599     Aug 22, 2007
  10. Hey Rennick,

    Ive got a bumper crop of tomatoes. Your next BLT is on me... Fresh and delicious! But keep in mind, I am prepared to provide weaponry to the entire Elite Guard if this continues.

    Osorico
     
    #600     Aug 22, 2007