AAPL – Apple Computer (Last:626.52)


Apple blew past minor pivots yesterday like an armor-piercing projectile, implying buyers are eager for more. They put a bullishly impulsive finishing stroke on the day’s final bar (see inset), peaking within a cluster of ‘external’ peaks from last Thursday that could prove useful to camouflageurs.  A buying opportunity might look something like the one I’ve sketched. Please note that you may need to trade off a 24-hour chart with night bars to take advantage of such a development, and that night bars can often be flukey.  ________ UPDATE (11:03 a.m. EDT):  The Dow Average, down 236 points at the moment, is the tug-of-war winner today. It has dragged Apple $7 lower, but the stock is nonetheless showing resilience — so far by going no lower than a ‘p’ midpoint support of a minor corrective pattern (5m, a=635.38, b=623.52).  The midpoint lies at 623.85, just 5 cents beneath the so-far intraday low, but if it’s breached, expect the stock to continue falling to at least 617.92, the midpoint’s ‘D’ sibling. Click here for a free trial subscription that will allow you to join the fun in real time.

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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.

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.

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