We now see that DaBoyz were saving their firepower in those final, sluggish weeks leading up to 2018. The tactic of goosing the market into a vertical parabola as the new year begins is bound to scare off sellers. If so, we should see the broad averages accelerate to the upside over the next week or two. Which is to suggest that the 152-point rally in the Dow on Thursday was just a warm-up. Even if so, I’ve proffered a rally target in the E-Mini S&Ps that can help us determine whether to dive in ourselves, or simply marvel and be entertained by it. However things play out, it won’t be brute sellers who end the party, but tired buyers who are harder to detect.
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Tuesday, March 13, 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.
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