Perhaps my "hula number" below $30 will be realized after all? At the moment, Goldman is fighting to stay above a 97.28 Hidden Pivot midpoint whose destruction would imply further slippage to as low as...the zero axis! Now, I'm not saying the company is about to drop dead -- only that, from a technical standpoint, […] Read More
Gold has been pulling Silver along, but if the latter is to be judged capable of flying solo, we should expect to see a pop today exceeding 34.005, an 'external' peak noted in the chart that accompanied yesterday's Silver tout. (Check the pulldown archive under the symbol SIH12) […] Read More
We're long a single contract with a cost basis of 1708.00 after imputing to it paper profits we made closing out three contracts earlier. Raise the stop to 1716.10 for now. A key test awaits at 1770.20, the midpoint Hidden Pivot of the large pattern shown. It can serve as a minimum upside objective for […] Read More
The 140^14 correction target drum-rolled here yesterday has been exceeded by eight ticks, or a quarter of a point. Ordinarily, because the pattern associated with that target is so clear, we might infer from even so small an overshoot s that significantly lower prices impend. In this case, however, we'll reserve judgment for now, since […] Read More
A day of tedium has not much altered the bullish projection given here yesterday. Continue to use 1255.75 as a minimum upside target, but allow three more points, to 1258.75, if it's exceeded. With the weekend fast approaching, I'll leave it to you to determine whether it's worth the trouble to immerse yourself in a […] Read More
Although we shouldn't get our hopes too high, technical evidence presented in today's tout for Goldman Sachs suggests that the stock could be on its way to oblivion. A further fall of $31 from current levels seems plausible in any case, so let's stay on top of the stock for now, the better to leverage […] Read More
[Ever consider stuffing money in your mattress to guard against a banking collapse? Here’s a guest editorial from our friend Erich Simon that suggests you might be better off taking your nest egg and buying…a bunch of mattresses. We’re not sure whether Erich’s point is being made tongue-in-cheek, but we are convinced, after an exchange […] Read More
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The consistent 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.
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