The chart shown (click on inset) has been my reality check for more than a year, since it makes a strong technical case that the Dow Industrials will get to at least 23317 no matter what I think. The good news is that a move to that number would amount to a rally of just 5.7% — a run-up that could easily be achieved in time for an October crash, a prospect that never fails to stimulate and delight the permabear’s imagination at this time of year. The most bullish thing about the chart is the way the herd trampled the red line, a midpoint Hidden Pivot resistance at 19343, the first time they encountered it. This implied they meant business, and nothing that has happened since would suggest otherwise.
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, April 17, 2018
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, April 17. Click below to register or get more information.
FAANGs to the Moon!
When Distribution Quacks Like a Duck
Tariff Fears Aren’t All That’s Troubling Stocks
NFLX Leaps, but AAPL and Others Fail to Follow
FAANG-Mania Closing on Some Key Targets
End-of-Day Selloff Had a Whiff of Fear
The Silver Lining for Fed-Watchers
What Are These Men Thinking?
‘Dismal’ G7 Meeting Is Just Poker
Bad News for 14 Million of Us