I don't go countertrend on strong rallies in the late afternoon, but anyone who trades the S&P intraday knows that there was something to the logic behind the crystal ball. Most of the time, if the market makes a new low after 11 (and not just by one tick), and then approaches the morning high later in the day, that is a good place to at least tighten one's stops if one is long. Not necessarily to go short, but to look for selling.
My dear friend, welcome back to the United States. I suggest a contest between your crystal ball and the coin toss. Based on the last dozen of your calls, the ball isn't looking too good. However, I'll give your ball a favor and disregard all of its past indiscretions. We'll just start from scratch. How does that sound?
Actually the "BALL" has been red hot lately. I've been away so you wouldn't know it, but trust me it has. I'll accept your apology though, I have no axe to grind with you. Carry on as you were. As Colonel Klink would say....DISSSMISSSEDDDD Rennick out ps. That was a 3 pointer, nothing but net,,,HOWAAA!!!
THURS. 10-18 2:25 pm dow+9 Sorry this is late guys, the mighty "Ball" has been red hot and is NEGATIVE calling for WEAK Market action this afternoon. My gut is saying this one may be big. CRASH AND CRASH BABY, CRASH AND BURN!!! The AMAZING ONE out ps. It is 2:30 New York, the down move will begin in 5 minutes
Well cheers Renny, I took a short and was about to send you a bottle 'o malt as a thank you but looks like I'll be sending you a soda instead....
You guys have it all wrong. Just trade the opposite of him if he is wrong all the time. When he says the fall is about to begin, buy em!
OK Pikers, I knew I would log on and find some rotten tomatoes being thrown. The "Ball" called for WEAK Market action and the Close ended up being flat. Anyone who has followed my posts knows that the "Ball" has an awesome record of unfulfilled calls being realized the next session. Futures are weak, and have been getting weaker all night. The crash and burn call was my ad lib, it looks like I was a little early. But who cares, I went over night with my puts. Lets see who's throwing the rotten tomatoes in the morning. Rennick out