Gold was getting socked early Tuesday morning as we went to press, down as much as $23 a short while ago. This was well beneath the protective stop-loss on our single-lot position, and it will put into play a 1702.60 pivot that can be bottom-fished with caution […] Read More
Anyone monitoring the 140^14 Hidden Pivot support flagged here a while back as an all-important number might get the idea that December T-Bonds have been screwing with our heads. A promising low at 140^06 held for all of a day, but when the futures dived anew, they achieved only a slightly lower low at 140^03. […] Read More
A bearish target at 28.425 is equivalent to one at 28.385 that I broached a while back as a high-probability number for the December contract. While there are no bearish forecasts that cannot be negated by a rally, in this case the required thrust would have to hit 36.655 (!) to kayo bears. However, a […] Read More
We exited our long position Monday night for a small paper-gain of about $800. I mentioned looking for a new entry spot near 1702.60 in today's commentary, but my hunch is that a better one will come at 1633.00, the midpoint hidden Pivot support of the pattern shown. Bottom-fish 1702.60 using camouflage or, more simply, […] Read More
The last few rally patterns on the hourly chart have reached their 'D' targets, so the worst we should be right now, short-term, is neutral. And yet, it's hard not to be rooting for the stock market to drop-the-hell-dead, since it will take nothing less than that to start Wall Street on the long, long […] Read More
As we went to press Monday night, February Gold was fixing to stop out a bullish position we’d advised that produced explosive, although perhaps fleeting, gains. For subscribers who acted on the initial recommendation made here last week, there was a theoretical profit of nearly $6000 per contract at recent highs near $1767. (Click here […] Read More
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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.
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