Wednesday, July 23, 2014

I'm not sure whether it's the effect of solar flare and/or sun spots, Mercury out-of-retrograde or perhaps a mild remission of my incipient senile dementia, but Hidden Pivot targets in nearly all vehicles that I track have been working with amazing accuracy lately.  Even crude oil, for which we usually allow 21 cents of leeway at projected highs and lows, has been turning within less than a dime of Hidden Pivot targets disseminated in the chat room or via touts.  If you're keen on making hay with these forecasts while the sun is shining, check out actionable touts for EUR/USD, E-Mini S&P and GDXJ in today's list.  To me, at least, the target given for each of these vehicles looks like it absolutely cannot miss.

In the previous tout, all my targets were given in green, implying higher prices are coming. However, since my gut feeling is that August Gold is about to relapse down to the 1278.20 (or alternatively, 1271.70) target given in the current GCQ14 tout, you should hold firmly in mind the bearish, 40.42 target shown (see inset) for this vehicle just in case. GDXJ will of course have a great opportunity to turn higher from 42.55, the midpoint HP support here, and you will risk little bottom-fishing there with a stop-loss of perhaps 6 cents. But if the stop is hit, expect more slippage to 40.42, which also could be bottom-fished aggressively with an absurdly tight stop-loss. _______ UPDATE (July 23, 9:03 p.m. EDT):  Today's slippage to 41.82 was not exactly a sign of robust health. As as result, the 40.42 target is in play. It can be bought aggressively with a tight stop if the opportunity should arise.

I haven't tracked currencies that closely, but because they tend to move very precisely to Hidden Pivot targets, traders should consider exploiting them whenever possible. Notice how EUR/USD has broken beneath a midpoint Hidden Pivot at 1.34841 after noodling around near that pivot for a few hours on Thursday. This suggests that it is bound for D=1.34197, at least.  You can bottom-fish there with a stop-loss as tight as 3-4 ticks.  Notice as well that there are two slightly higher possibilities for point 'A'.  The correction targets they yield lie, respectively, at 1.34114 and, worst case, 1.33992.  I expect these numbers to work very precisely, so use them in whatever way suits you best.  Note as well that a last-gasp rally to p=1.34738 after EUR/USD has fallen a bit would be short-able. _______ UPDATE (July 24, 5:35 p.m. EDT):  Yesterday's short-squeeze feint topped precisely at a midpoint Hidden Pivot (see inset, a new chart) that was originally support but which is now resistance. This price action confirms the pattern we've chosen as well as its 'D' target at 1.34197. At least one subscriber has confirmed getting short in the chat room.  _______ UPDATE (July 27, 10:43 p.m.):  Friday's low occurred at 1.34206 -- 0.00009 above our 1.34197 target.  Shorts should have covered there, but if you were able to bottom-fish the low and catch a piece of the 144-tick rally that ensued, please let me know in the chat room and so that I can establish a tracking position for your further guidance. _______ UPDATE (July 30, 2:43 p.m.): The futures have breached the lowest of the targets I'd provide from the lesser charts. This implies that a bigger-picture target at 1.32091 is in play. The chart(see inset, a new one) shows this.