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COMMENTARY for Thursday
TODAY'S ACTION for Thursday
Rick's Picks for Thursday
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If we ignore yesterday’s gratuitous hiccup, Silver looks poised for a more durable thrust, having exceeded the Hidden Pivot rally target shown in the chart by more than four cents yesterday. However, the futures weren’t providing any solid hand holds Wednesday night, even on the 2-minute chart. A midpoint resistance at 18.395 might work as a breakout number, but you’ll need to improvise your own tactic if you want to get long.
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Hidden Pivot Webinar & Tutorials
The next Hidden Pivot Webinar will be held on 6/30 - 7/1. This two-day event is designed to teach you the risk-averse trading strategies Rick has taken to his seminars around the world. Once you have learned his proprietary secrets, you will approach trading and investing with enough confidence to make your own decisions without having to rely on the advice of others. For more information, or to register, click here.
To Believe in the Bull Is to Buy into an Epic Fraud
by Rick Ackerman on July 15, 2010 1:56 am GMT · 34 comments
We took a deeply skeptical view here yesterday of the buying frenzy that has pushed stocks sharply higher since early July. Not surprisingly, some market observers think the rally is the real McCoy – an entirely normal upthrust in an ongoing bull market. “The only question is, when will you admit you’re wrong?” asked a contributor, Keith P., in the Rick’s Picks forum. “[At Dow 12000? 14000? 18000? I’m just wondering. Will you be like the rest and say everyone else is wrong the whole way up — or at some point will you say, yes, I was wrong? I’m not bashing you at all,” he continued. “You kept us in many long positions the whole way up. You’ve done a great job. I’m just saying I » Read the full article