Timid Buying a Worrisome Sign

EST

The broad averages were adrift Wednesday, edging timidly higher on vaporous volume. What few buyers showed up intraday had vanished by the closing bell, leaving index futures to fend for themselves in so-far-turgid night-session trading. I suggested a bottom-fishing foray in the tout that went out this evening for the E-Min S&Ps (see below), but this was for night owls only, and nimble ones at that. They should be prepared to see the futures fall to 2443.50 if the trade is stopped out, but everyone should brace for potentially much worse if the support gets pulped.

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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.

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