Everything went beautifully for the Fed’s charlatan-in-chief on Wednesday when the central bank announced, right on schedule and exactly as promised, a 25 basis-point increase in the federal funds rate to 1.00%. Bond price soared, stocks moved higher without the usual wacky gyrations, the dollar took it calmly, and even bullion made nice with an uncharacteristic rally. At long last, it would appear that the investment world has grown comfortable with tightening. Implicitly, this will remove as a source of worry two more rate hikes promised for 2017. Only the most churlish contrarian would think to suggest at this moment that the proverbial wall of worry is what has sustained the bull market all along. Against this backdrop, we note that the S&P 500 recently topped two points shy of a major ‘Hidden Pivot’ target that had been more than a year in coming. Now, either of two things seems likely to occur: a bear market like no other before it will commence shortly; or, the S&Ps will blow past the target, inaugurating a new phase of the bull market that will make it even more extraordinary in the annals of stock market history. Dow 25,000, anyone?
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Tuesday, August 1, 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.
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