[Editor’s note: I am going to keep this analysis at the top of the page for a few days because I want to be clear and loud about where I stand. RA] In January, with the E-Mini S&Ps trading at 2292.00, I sent out to subscribers a 2403.30 target that implied a rally equivalent to 1000 Dow points was imminent. A month later, after the futures had rallied 65 points and the Dow 500, I doubled down on the prediction, noting at the time that a further ascent to 2403.30 “was as certain as an ostensibly unpredictable event could be.” Time proved me right when, two weeks ago, the March E-Mini contract came within two points of the target. This is shown in the chart above. The futures have since retraced slightly, but given the importance of the target, which took more than a year to reach, we should be open to the possibility that the bull market begun exactly eight years ago has finally topped. I’ll let the chart, with target levels derived from the Hidden Pivot Method, speak for itself as to the clarity and importance of the recent, record high.
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, September 26, 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, September 26. Click below to register or get more information.
Wednesday Is Fantasy Day for the Fed’s True Believers
Why Bears Will Fair Poorly When the Bear Market Finally Hits
The Lighter Side of Kim Jong Un-Sane
AAPL, AMZN Temporarily Out-of-Synch
One of These Days, the Dollar….
A Reality Check for Permabears Hoping for The Big One
The Fat Lady Is Warming Up Her Pipes
Bullion Good Guys Finally Win a Round
Timid Buying a Worrisome Sign