IBM – IBM Corp. (Last:193.50)


Big Blue has gotten a new lease on life, what with seasonality ratcheted up to the max just as oversold indicators were screaming for mercy. Now the stock is an odds-on bet to hit a minimum 192.38 once it has dispatched the 190.60 midpoint pivot of the pattern shown. The rally would have to vault the November 13 high at  190.88 to refresh the impulsiveness of the intraday charts, but you can use the 190.60 midpoint as a ‘synthetic external’ to create a usable camo entry price.  ______ UPDATE (November 25, 11:23 p.m. EST):  The stock blasted past 192.38 on Friday, headed for an eventual test of supply near 196 that was deposited earlier this month.

Comments on this entry are closed.

Keep Your
Skills Current

Click here
for a special deal for graduates of the Hidden Pivot Course who want to stay on the cutting edge


Start Subscription
Lost my password

Seminar Information page.

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.

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.

Most important of all, Rick will teach you how to develop market instincts (aka “horse sense”) by observing the markets each day from the fixed vantage point that only a rigorously disciplined trading system can provide.

The three-hour Hidden Pivot Course is offered live each month. If it’s more convenient, you can take it in recorded form at your leisure, as many times as you like. The course fee includes “live” trading sessions (as opposed to hypothetical ‘chalk-talk’) every Wednesday morning, access to hundreds of recorded hours of tutorial sessions, and access to an online library that will help you achieve black-belt mastery of Hidden Pivot trading techniques.

The next webinar will be held on Tuesday, June 28. Click below to register or get more information.

Knowledge Base Link

An Introduction to the Hidden Pivot Method

This 9-minute video explains Rick's trading and forcasting method.

Show Buttons
Share On Facebook
Share On Twitter
Share On Google Plus
Share On Linkedin
Share On Youtube
Share On Reddit
Hide Buttons