With the Cubes hovering just beneath those highs toward the end of Thursday’ session, we decided to take our chances, buying some November 52 puts @ 0.60.  The trade was not an official “Tout,” just an idea tossed out amidst the usual shuck-and-jive of the Rick’s Picks chat room. Much to our surprise, on entering the room Friday morning we discovered that several subscribers had been right behind us buying the puts. Naturally, they were feeling pretty feisty, stocks having opened ugly that morning. Lo, by day’s end our puts had doubled in value. We decided to hold onto half of them in case Friday’s sell-off proves to be just a warm-up for a good-old-fashioned October avalanche.

Google, of course, was the turd in the punchbowl, gapping up nearly $20 on the opening and holding onto fully half of those gains until the final minutes of the session. However, we took some satisfaction in watching those who held positions in the stock at the close kick, claw, punch and bite each other as they struggled to manipulate GOOG’s settlement price ahead of the weekend. The last recorded sale, or overnight “mark,” was fluctuating by as much as $6 from one tick to the next, ping-ponging between $644 and $650. If the settlement price given in Saturday’s Wall Street Journal is at the higher end of that range, we would infer that bulls took desperate measures to artificially jack up the price. For all their effort, though, these thimble-riggers risked getting their asses handed to them on Monday morning. 

And wouldn’t that be lovely…

***

Out-Forecast the Gurus

Take a look at the chart below.  See anything that might have led you to predict that December Crude would make a very tradable top at 87.97?   Would you like to learn how to forecast stocks and commodities as accurately yourself?  Are you tired of having some guru tell you what to do?  If so, then read on.  

Now, Rick’s Picks has been predicting $100-a-barrel oil for quite a while. Even so, and bullish as we are on crude, we don’t always trade it from the long side.  Consider the following short recommendation that went out to subscribers the other night. It is based on Hidden Pivot analysis:  “[My rally target for December Crude]  is 87.97, and you can short there with a 14-cent stop-loss… Since the correction could be shallow and brief, don't be too ambitious about profit-taking if the opportunity to do so should arise.”

Now take a look at the chart again and see how things played out:

(Click on chart to enlarge)

A lucky coincidence?  Hardly. Hidden Pivot targets get hit so precisely so much of the time that it couldn’t possibly be due to blind luck.  Moreover, visit the Rick’s Picks chat room and you'll discover that the basics of the Hidden Pivot Method can be learned by anyone in just a few hours. But don’t take my word for it.  Ask some of the regulars who have taken the Hidden Pivot seminar.  They will tell you not only that it's possible for “amateurs” to forecast stocks and commodities with astounding accuracy, but that it's great fun!   And why wouldn't it be, if it freed you from ever having to ask an "expert" what he thinks about a certain stock, or about "the market".  Who cares what he thinks when you can learn how to do it yourself – to do it better, even, than quite a few gurus who do it for a living.

If you’ve heard about this course but could not attend earlier sessions in New York, Sydney, San Francisco, Denver, Vancouver and other cities where it has been offered,  there is good news: It will be offered online the first weekend in November. And there’s an additional incentive that has never been available until now: Register for November 3-4 class and you will have immediate, 24-hour access to the full, recorded version of the course. I will also ship you a copy of the 109-page course manual as soon as I’ve heard from you. And if you are not currently a subscriber to Rick’s Picks and sign up by October 21, I’ll throw in a free month’s subscription – a $42 value.

Only Four Seats Left

Don’t delay if you’ve been thinking of taking this seminar, since there were fourteen seats available a week ago but only four as of Saturday afternoon. They could fill up quickly, and there are no other classes scheduled at this time.

For your convenience, the seminar will be held on Saturday and Sunday morning, November 3-4, in two three-hour segments. In addition, after you’ve had some time try out your new skills, you’ll have a chance to query me directly during an open-ended, two-hour chart session online.

The Hidden Pivot course could be the best opportunity you will have to learn how to forecast as accurately and confidently as paid gurus. It doesn’t take a PhD to master the technique either, since you’ll be taught how to look at stock charts as “art,” rather than in the conventional way.

Training Manual & Recordings

Here’s what you’ll get if you sign up now:

·         The two-day, six-hour Hidden Pivot course and training manual

·         A two-hour Q&A follow-up once you’ve had time to try the system

·         Free “continuing education” classes online

·         Free 24-hour access to recorded seminars, tutorials and Q&A sessions

·         A free-month’s subscription, with access to the Rick’s Pick chat room during market hours

·         Access to thousands of annotated charts in the paid-subscriber archive

·         Access to the Educational Pages, with simple but effective strategies for risk management and market timing

·         Rick’s daily Touts, including detailed trading recommendation for stocks, indexes, futures and options

·         Dave McDonough’s “Excellent Hidden Pivot Calculator”

·         Rick’s idiosyncratic put-and-call advice, which distills more than 30 years of trading experience down to a few simple essentials

Sign up now and receive all of these benefits and more for just $960! To go directly to the registration page, click here , then on the “Upcoming” tab.  If you would like more information about the Hidden Pivot Method, or about upcoming sessions, including a possible on-site session in Florida this winter, please click here.

Hope to see you in class!