The fact that the Dow Industrials rose less than a point yesterday hints at the soporific tedium that has gripped the stock market lately. Fortunately, as long as shares are moving even slightly there will always be something to trade. And so there was -- in the E-mini Nasdaq (NQ) futures. Here is the Tout that went out in the chat room early in the session, when the mini-contract was trading around 1818:  “[My target for the Mini-Nasdaq} is 1825.75. [It] can be shorted with an 1826.25 stop-loss.”

(Click on chart to enlarge)

If you look at the chart above, you can see that this projection was not merely close, it actually nailed yesterday’s high to the exact tick. As a result, the initial two-tick stop-loss that was advised would have been more than adequate to see the trade through to a profit.

Naturally, and as we always like to remind subscribers, our past performance should not be construed as an indicator of future results -- so let the buyer beware. But if you are a lurker who is skeptical that such dead-center bullseyes are possible other than randomly, I would urge you to take a one-month subscription to Rick’s Picks so that you can see for yourself how often our targets fall within just a tick or two of actual highs and lows.

Coincidentally, a guy in the chat room who reported a profit on yesterday’s mini-Nasdaq trade had written me earlier to say that the precision of the Hidden Pivot system was causing him problems. This fellow, John B., who took the Hidden Pivot seminar last fall, says his price forecasts have grown so accurate that he’s been having trouble getting filled on trades at swing points. He wrote me as follows:

“Have you ever put in a limit order to buy or sell and discovered that you hit the exact high or low of the day?  Super!  Then you call your broker and find out that you only got a partial fill or, even worse, that  there were too many orders in front of you and yours went unfilled?

“Then you think, if only I had given up one tick I would have been filled! Well for me and most people that might happen once in a blue moon. But since my introduction and training with the Hidden Pivot technique this is a common occurrence. The price targets produced by the Hidden Pivot technique have been so accurate they have landed me right on exact highs and lows with an astonishing regularity. So if you chose to embrace this technique, be ready to tell yourself, ‘Give up the tick and get the fill’! Rick, I hope that is helpful.”

Sure enough, John – and thanks. All traders should have “problems” like the one you’ve described.

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Seminars in Atlanta, Boca

I’ve received numerous requests to offer Hidden Pivot seminars in Atlanta, Georgia, and Boca Raton, Florida. I will do so if there is sufficient demand, so please let me know if you would be seriously interested in attending in either place.  The two-day class would probably be held sometime in the spring of 2007. Contact me via e-mail, including your contact information and choice of locales. The cost would be $1,500 USD.