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From the monthly archives:
September 2011
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A downside target at 38.400 flagged here earlier is still my minimum retracement objective for the near term. I’ve suggested tightly stopped bottom-fishing there, or better yet, camouflage buying, but please note that this Hidden Pivot’s decisive breach would portend more weakness down to as low as 38.015, a second Hidden Pivot that could prove opportune for bargain hunting. The patterns associated with both targets are shown in the accompanying chart. Alternative, the futures would need to print 41.505 today to turn the tide for bulls. Want to learn how to nail swing highs and lows precisely, and to manage trade risk yourself? Click here for information about the upcoming Hidden Pivot Webinar on October 5-6 and a $50 discount.
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This past Friday evening, several hundred investors turned out to watch Rick Ackerman conduct a one-hour overview session on the Hidden Pivot Method. Several hundred more registrants expressed interest but were unable to attend, perhaps due to the late hour at which it was held.
For those who missed it, or even if you watched it and want to review various segments, the recording of the event has been posted to YouTube.
As a reminder, the next Hidden Pivot Seminar will be held on October 5th – 6th. The $50 early-bird registration discount for the seminar has been extended through Friday (9/23) to accomodate those who may have missed the live event. To take advantage of this offer, visit the signup page and use coupon code: 7D5629
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Why We Should Want Amazon to Lose Its Tax Fight
by Rick Ackerman on September 20, 2011 12:01 am GMT · 85 comments
[This commentary drew such a heavy response Monday in the Rick's Picks forum -- 60 posts so far -- that I am letting it run for a second day. RA]
We lean strongly libertarian on the issues of the day, especially when debating those who would raise taxes to feed the insatiable maw of Government. So why are we rooting for the revenuers in their battle to squeeze more tribute from the customers of retail giant Amazon? That’s right: We’re hoping the company loses its knock-down, drag-out battle to avoid collecting taxes for cash-strapped states, even if it means online shoppers will ultimately pay billions more for their purchases. The states want Amazon to collect and remit taxes wherever the company sells merchandise and irrespective of whether it has a physical presence where the sales are conducted. In the long run, we would argue, it will be better for consumers to go along with this than letting them continue to buy untaxed goods online. In the end, leveling the retail playing field between virtual and brick-and-mortar sellers in this way will help avert the day when Amazon and other globally scaled sellers have driven most of their brick-and-mortar competitors into the ground. » Read the full article