In Glue-Sniffing Mode, Rally Is Now Parabolic

EST

Stocks have been in glue-sniffing mode lately, ascending so steeply as to be all but untradable. The Dow’s chart (inset) shows why. Notice how the Indoos opened with a gap higher on each of the last two days. Wednesday’s Whoopee Cushion leap at the opening bell racked up about 90% of the day’s gains, leaving bears to drive the the blue chip average marginally higher with a ratcheting rally that left them bloodied and still on the ropes come Wednesday. They may get some respite at 22,852, a Hidden Pivot you should jot down if you trade the E-Mini Dow, DIA or a related vehicle. If that number should give way easily, however, we’ll probably be looking at 23,226 later this month.

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Tuesday, November 7, 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.

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