Wednesday, September 9, 2009

Sept. 9, 2009 Tutorial: Calendar-Spreading a Target

– Posted in: Tutorials

tocks were climbing steadily higher, and although a bullish target we were using for the E-Mini S&Ps implied that a strong rally was imminent, we decided it would be premature to look for a camouflaged entry opportunity. That’s because timid action on the lesser charts hinted of tedium for at least a few more hours. […] Read More

UNG – U.S. Natural Gas Fund (Last: 10.28)

– Posted in: Free, Side Bets

A minor Hidden Pivot resistance at 10.57 is the nearest impediment, but if UNG gets past it and a peak at 10.75 made in late August on the way down, it would be clearing the path for yet more upside. The implications will not affect the daily chart, however, until 16.27 is touched […] Read More

Hanging in the Balance

– Posted in: Rick's Picks, Thought for Today

The E-Mini S&P spent all of yesterday pussyfooting below a not-so-formidable peak made a week earlier, so we should not regard the bullish target at 1053.00 given earlier as chiseled in stone. In fact, it would take only a dip below 1017.50 -- just seven points below current levels -- to turn the hourly chart […] Read More

GCZ09 – Comex December Gold (Last:1001.10)

– Posted in: Current Touts, Free, Rick's Picks

Yesterday's patently spurious plunge should look more like a swoon by Wednesday mid-morning, when I expect gold will have recovered. The sell-off was very obviously caused by the nasty bull trap that ran stops placed slightly above a 1008.80 high made shortly after 4 a.m.  In a bigger picture, the _____ target given here earlier remains valid, although I should introduce another, lesser one at _____ that looks capable of showing some stopping power.  The less stopping power it displays, the more quickly and powerfully the next thrust is likely to develop.

Jubilant Traders Miss Another Ominous Sign

– Posted in: Commentary for the Week of March 8, Free

Yesterday morning, an hour into the new trading week, we covered a small short position in the Diamonds, booking a loss of $92 on some September put options. This speculative bet, initiated on the closing bell Friday, was inspired by a hunch that if Mr. Market really wanted to catch investors with their pants down, […] Read More

SIZ09 – Comex December Silver (Last:16.690)

– Posted in: Current Touts, Free, Rick's Picks

Silver's most recent peak at 16.860 fell ___ cents shy of a clear Hidden Pivot at _____, so we should assume the December contract has at least a little further to go before it hits something solid. Position traders should consider lightening up, with the goal of replacing on the pullback any shares sold near the target.  If the futures close above _____ for two consecutive days, or trade more than 10 cents above it intraday, that would be a very bullish sign going forward.

DXY – NYBOT Dollar Index (Last:77.28)

– Posted in: Current Touts, Free, Rick's Picks

Yesterday's breakdown was serious, although I'd stipulated that DXY close for two consecutive days below 77.54 before we assume the worst. Tentatively, however, we'll look for a quick drop to at least _____, or to ______, the Hidden Pivot given here originally, if any lower. My worst case number for the period prcoeeding the G-20 meeting in Pittsburgh at month's end is ______. My hunch is that such pronounced weakness in the dollar is unlikely ahead of the meeting, but if it comes, stocks are going to fall too, and steeply.

ESU09 – E-Mini S&P (Last:1023.25)

– Posted in: Current Touts, Free, Rick's Picks

The _____ target given here yesterday remains valid, but the bullish case for the near term was weakened by the fact that all of yesterday's action took place below the 1027.75 peak recorded on the way down a week ago. Because the plunge from that peak would have trapped many bulls, we should regard it as daunting if not impermeable.  If the futures take a stab at it today, the effort will be futile unless it exceeds the look-to-the-left peak at _____ recorded on _____.



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The laser-like accuracy of Rick Ackerman’s forecasts are well known in the trading world, where his Hidden Pivot Method has achieved cult status. Rick’s proprietary trading/forecasting system is easy to learn, probably because he majored in English, not rocket science. Just one simple but powerful trick -- managing the risk of an ongoing trade with stop-losses based on ‘impulse legs’ – can be grasped in three minutes and put to profitable use immediately. Quite a few of his students will tell you that using ‘impulsive stops’ has paid for the course many times over.

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