Wednesday, September 23, 2009

Having come to the E-Mini S&P chart 20 minutes too late to leverage the day’s best opportunity, we looked elsewhere. Crude? A decisive thumbs-down, for this is a trading vehicle that is out to tax the diligent trader’s patience to the limit. We found a high-potential opportunity in the shares of Goldman Sachs, however, and […] Read More

Please note that I still regard a Hidden Pivot target at 75.47 in the Dollar Index as a potentially important low.  If it's hit with Gold sitting near its 1029 rally target, that will be good reason to take heed […] Read More

December Silver appears to be consolidating above a Hidden Pivot midpoint at 17.150, and a close above it today would likely clinch a push to its 'D' sibling, 17.775 (or 18.155 if any higher).  Night owls could try bottom-fishing at 17.175 using a three-tick stop-loss […] Read More

With a rally target at _____, the little arse bandit hasn't given us much in the way of Hidden Pivots to bottom-fish. Nevertheless, we can attempt it this morning if the stock pulls back to _____ in the first 15 minutes, bringing the December 550 calls (GOPLY) into bargain range.  You should try to buy one of them for around _____, using a stop-loss at _____.  With the stock in such a strong rally, it will probably be easier to try and enter with-the-trend on camouflage; so if you are familiar with the technique, you should try to buy the call on the first ABC rally from near _____.

There are no DJIA patterns that I particularly like, but the whimsical rule-breaker shown in the chart will do in a pinch. I've decided to legitimize it because of the oscillations around the 9290 midpoint pivot, and also because the most recent phase of bear-rally hysteria launched from a low not far beneath it.  Anyway, the bottom line is a Hidden Pivot target at _____.  Although I wouldn't try to go short the world at that price, I'm pretty confident about using it as the first number above 10000 where I might believe a top could form.  One thing we can be nearly certain of is that 10000 itself will show no particular stopping power.  If such an occurrence were even remotely possible, the stock market would cease to be the engaging carnival that it is.  At _____, however, Dow 11000 would be a glimmer in bulls' eyes -- and Kudlow's wet dream.

I'll stick with the _____ rally target flagged in yesterday' s update, although a leisurely buy on a pullback to the _____ midpoint associated with that number does not appear to be forthcoming. The print at _____ would be a big deal, since, as noted here earlier, it would surpass a high at ______, refreshing the bullish impulse on the weekly chart.  That high is no less relevant because it occurred in thin trading, by the way. To the contrary, it is all the more legitimate as an "external" peak because it was recorded by the December futures, not by a continuous contract.

The update to yesterday's forecast caught the top of an entirely unremarkable session that was all noise and no conviction.  If and when this trading vehicle breaks out, look for confirmation of a _____ rally target by way of a stall at _____, its midpoint sibling. Alternatively, it would take a print at _____ to turn the hourly chart bearish.  

Our memory stumbles whenever we try to recall any recent sightings of “green shoots” that would support the officially promoted illusion of a U.S. economy in recovery.  Actually, this vision is more of a hallucination than an illusion, since one’s mind needs to venture beyond the pale of rationality, light years beyond the fringe of […] Read More



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Seminar Information page.

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, August 25. Click below to register or get more information.

Knowledge Base Link

An introduction to the Hidden Pivot Method

This 9-minute video explains Rick's trading and forcasting method.

Rick's Picks Calendar