by Rick Ackerman on April 28, 2009 2:49 am GMT
The World Health Organization just raised its assessment of the swine flu pandemic to “Level Four,” so perhaps it’s time, literally, to get our houses in order. Someone posted a link in the chat room to a list of precautions that are worth taking, but in case you missed it, here’s another short list posted my Glenn Klotz at http://athebeach.blogspot.com/
Immune System Booster
Rick’s Picks subscriber Don Cephus recommends grapefruit seed extract as a highly effective booster of the immune system. He says that his family has just increased its dosage: 12 drops mixed with six to ten ounces of juice or water, three times daily. ”It has no side effects and is highly effective,” he notes – ”the best precaution I personally know of.” More information is available on the Internet.
by Rick Ackerman on April 28, 2009 12:01 am GMT
The bull trend begun in mid-February is still (mildly) dominant and could propel the futures to as high as ____. It may be starting to reassert itself today, since a corrective trend begun on April 17 that should have reached a downside target at ____ is having trouble bashing the midpoint support, ____, into submission. At the moment, you could say that the bearish correction is struggling for its life as it oscillates violently around 48.50. The bullish and bearish patterns referred to above are shown in the chart....
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by Rick Ackerman on April 28, 2009 12:01 am GMT
Nothing has altered the appeal of the ____ rally target broached here earlier, and it should be held as our minimum upside target as long as support at 823.00 is not breached. In the meantime, expect bulls and bears to continue to duke it out above and below 857.00, the midpoint sibling of the ____ Hidden Pivot....
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by Rick Ackerman on April 28, 2009 12:01 am GMT
Gold played touch-sies with our target yesterday, only to retreat timidly thereafter. The selloff did no technical damage, even on the 15-minute chart, so we shouldn't read too much into it. However, if the futures are to get back in bullish gear, we should ask that they demonstrate their intentions with a leap exceeding ____, a small but significant peak made on the way down in late march. That would create the kind of bullish impulse leg on the hourly chart that would not be easily reversed.
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by Rick Ackerman on April 28, 2009 2:34 am GMT
The bullish action of the last week has not negated those nettlesome targets down around $11 -- that would take a pop above 13.885 -- but it has reduced the likelihood of their being reached over the near term to a very low order of probability. More immediately, a thrust of at least 37 cents originating from anywhere north of _____ would signal the onset of a potentially much more powerful rally -- one that could hit _____ before mid-May.
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by Rick Ackerman on April 28, 2009 2:44 am GMT
Silver Wheaton has upside potential to as high as ____ on the next thrust. Let's try to leverage this possibility by legging into some calendar spreads at the $10 strike. As long as the stock is trading $8 or higher, bid 0.74 for four _____ calls, good through Friday.
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Thinking of Shorting a Quiet Tape?
by Rick Ackerman on April 28, 2009 12:01 am GMT · 2 comments
Stocks came crawling out of the gate Monday, ushering in the new week with a display of heart-corroding tedium unseen since….last week. Or the week before that, come to think of it. Look at the graph if you think we’ve exaggerated. It shows the Dow Industrials in a relentless dither that extends back to early April. The range from highs to lows is about 300 points, an unnatural compression that we might expect to give way to an explosive move at some point. Oftentimes such moves are telegraphed by Bollinger Bands, which » Read the full article