Writing at Politico.com, here's Jeremy Lott on the increasingly likely collapse of the Obama presidency: When he ran for president, George W. Bush promised to be a modest reformer at home and a humble representative of the United States on the world stage. The Al Qaeda-organized-and-funded terrorist attacks of eight years ago changed all that. During […] Read More
The Dollar Index's fall to a ______ target has been so long in coming that we should be on the alert for a reversal before it is reached. On the hourly chart, this would be signaled by a ______ print, but if ______ is touched, bears had better dive for cover.
The _____ target given here earlier will make for a juicy shorting opportunity if and when Goldman gets there, but I'm reluctant to play the upside unless we can get in at a retracement target. The best such opportunity tied to a Hidden Pivot would be down near _____, the midpoint sibling of _____.
December Silver bettered our bullish benchmark at 16.730 by a single tick yesterday, hinting of more upside to come. If so, the futures 16.850 will need to touch 16.850 today to demonstrate their eagerness to challenge last Friday's 17.015 peak. Once above it, the futures would be an odds-on bet to reach a minimum 17.275 […] Read More
There's no guarantee that December Gold will follow the script I've provided in today's tout, but if it does, please consider the do-it-yourself entry strategy sketched out in the accompanying chart. Like most "camouflage trades, this one seeks to catch a short ride that could turn into something bigger. In this case, potential is to as high as […] Read More
It's not often that we find potentially great camouflage on the hourly chart, but if December Gold moves as I have hypothesized in the accompanying chart, it will set up a beautiful entry opportunity at 'X' that seems very likely to give buyers a pleasurable ride. I am not going to complicate my instructions by telling you how to get long in a hundred words or less, but will instead leave it up to pivoteers in the chat room to do the explaining if and when opportunity knocks Tuesday morning. _______ UPDATE (10:05 a.m.): Gold eased lower overnight, and so the entry opportunity we were looking for did not materialize. The weakness hints of more downside to ____, or to _____ if any lower. Alternatively, an upthrust that touches _____ would put bulls back in the driver's seat.
That ______ target may be so stale by now that it can be shorted without fear of bumping heads with the riff-raff. I won't get in your way by suggesting the usual niggling stop-loss, but let me reiterate that the target itself is as clear and compelling as can be -- a bet-the-ranch number if it had been hit last week on the the first try. If you're superstitious and would rather play the December contract, the equivalent target, a Hidden Pivot, lies at _____.
Gold hasn’t made much headway since the beginning of the month, when COMEX futures surged $50 in the space of two days. With the dollar suffering from the vapors, there’s no compelling reason why the December contract should have loitered near $1000 ever since. Granted, that’s a nice, round number, and it probably works smoothly […] Read More
Click here for a special deal for graduates of the Hidden Pivot Course who want to stay on the cutting edge
The laser-like accuracy of Rick Ackerman’s forecasts is 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.
Another secret Rick will share with you, “camouflage trading,” takes more time to master, but once you get the hang of it trading will never be the same. The technique entails identifying ultra-low-risk trade set-ups on, say, the one-minute bar chart, and then initiating trades in places where competition tends to be thin.
Most important of all, Rick will teach you how to develop market instincts (aka “horse sense”) by observing the markets each day from the fixed vantage point that only a rigorously disciplined trading system can provide.
The three-hour Hidden Pivot Course is offered live each month. If it’s more convenient, you can take it in recorded form at your leisure, as many times as you like. The course fee includes “live” trading sessions (as opposed to hypothetical ‘chalk-talk’) every Wednesday morning, access to hundreds of recorded hours of tutorial sessions, and access to an online library that will help you achieve black-belt mastery of Hidden Pivot trading techniques.
The next webinar will be held on Tuesday, May 24. Click below to register or get more information.
This 9-minute video explains Rick's trading and forcasting method.
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When the Last Bear Has Covered…
Short-Covering to the Rescue!
A Stock Market in Distribution, Big-Time
Happy Friday the 13th!
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