There has been precious little buying power behind the TrumpSanta rally these last few days, but the selling has been even feebler. The net result has been a slow, steady waft higher that has not quite recouped what was lost in just two hours of selling on Friday. If you do the math, you can see why bears might be fearful of getting short at these levels. For in fact, they’ve reaped about 50 hours of pain for the two hours of pleasure they may have felt last Friday. Contrarians might see this as reason to take a stand and go opposite the trend. However, I would counsel this approach only for those of you who know how to use ‘camouflage’ to initiate low-risk trades on charts of five-minute degree or less. A big selloff next week seems almost unimaginable in any event, so we’ll plan, simply, on going with the flow. I have DJIA targets all the way up to 21,101, so the next big trade is likely to involve the purchase of DIA call options. Stay tuned to the chat room and my tout updates if you’re interested.
Comments on this entry are closed.
Click here for a special deal for graduates of the Hidden Pivot Course who want to stay on the cutting edge
Tuesday, November 28, 2017
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, November 28. Click below to register or get more information.
‘Tis the Season for Hubris on Wall Street
Expect a Bumpy Ride for Remainder of 2017
‘Fly-or-Die’ Jeopardy in Effect
Are the Big Guys Tapped Out?
Bored? Be Careful What You Wish for…
Fed Hoping for ‘Bad’ Inflation News
Selloff Left FAANG Charts Unfazed
If Hillary Had Won, the Dow Would Still Be Trading Above 23,000
Dragging Four Defenders a Few Extra Yards
Crude-Price Gusher Is Answered Prayers for Banksters and Wall Street