If the Masters of the Universe were planning to pull the plug on the nine-year-old bull market, do you think they’d have run AMZN up $100 and closed it $40 higher on Friday when every other stock in the world was getting schmeissed? I don’t think so. AMZN is the Fat Lady who has yet to sing, and it looks primed for a run-up to at least 1541.06 before the final aria. If the broad averages have rallied to marginal new all-time highs at that time, the cynic in me would be very wary of Mr. Market’s intentions. It would set the hook as well as any scenario I could imagine, trapping bulls and bears alike. The former would be giddy about who-knows-what — National Jell-o Week? — and the latter would be panicked out of their long-tortured minds.
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Tuesday, November 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.
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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