Thursday’s carnage will not likely be the end of it, unfortunately. The S&Ps and the Industrial Average both demolished key supports in the final hour, all but guaranteeing more selling in the day(s) ahead. In my touts for each (see below), I’ve provided precise benchmarks so that you can gauge not only the strength of the selling, but the likelihood that it will continue. Generally speaking, when a Hidden Pivot support is decisively breached, it implies that the next, usually of greater degree, will be reached. The good news is that a further, quick 1100-point drop in the Dow, to around 22734, would probably exhaust sellers and provide the sort of climactic low on which a solid base for the next rally could be built.
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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.
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, November 13. Click below to register or get more information.
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