More pain ahead


February saw the worst decline since 2016 and March kicked things off with another shellacking. Although the direction points lower in the near term we are still within the primary channel established starting in 2016.

The top of the lower channel lies at 24100 and a break below this will imply a move down to the 21,700-22,000 area. Rising interest rates and tariffs seems to be the prevailing excuse for this correction. Naturally this is nonsense as the pundits always need to assign a fundamental reason to try to explain every move logically.

Comments on this entry are closed.

John Jay March 2, 2018, 5:19 pm

Hi David!
Looking at my YM charts, I see a big bounce on 2-6-18 at 23088, which was very close to the 200 EMA on a daily chart, and 40 EMA on a weekly chart. Of course, since then both of those EMAs have moved upward.
I have the weekly 40 EMA at 23436 and the daily 200 EMA at 23433 at the close today.
So, depending on how long another big drop takes to happen, your 24100 could indeed test at a 40 EMA on a weekly, and a 200 EMA on a daily chart!
Let’s see how the EMAs shuffle around!

none March 2, 2018, 7:45 am

2003, Roman Polanski wins the best director Oscar for his Holocaust film “The Pianist” but cannot travel to Los Angeles for the ceremony because he is wanted in the United States to serve time for the rape of a minor in 1977. The audience responds with a standing ovation.

Standing ovation for a fugitive rapist! Only in Hollywood.

Have a great weekend Rick!

Hidden Pivot Graduate
Help Page

Click here
for a help page needed as a Hidden Pivot Graduate.

Keep Your
Skills Current

Click here
for a special deal for graduates of the Hidden Pivot Course who want to stay on the cutting edge


Start a Subscription
Lost my password

Seminar Information page.

Tuesday, January 8, 2019

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, January 8. Click below to register or get more information.

Knowledge Base Link
Show Buttons
Hide Buttons