Elsewhere on the page, I’ve detailed the case for a nearly 300-point rally in the S&P 500. This goes squarely against my gut feeling that the U.S. economy will be in recession before the year ends. The chart I’ve presented starkly refutes this. It says the economy is more likely to stumble along, producing stock-market rallies that will seem illogical at best, reckless at worst. However, given the inexorable flow of money into U.S. stocks, especially from places where economic prospects seem even dimmer, it is hardly farfetched to predict that rallies that shouldn’t happen…will happen. They will continue to plague ‘logical’ folk as long as a fund manager still breathes. Along the way, said money manager will have staunch help from short-covering bears, few of whom will ever understand their key role in misinterpreting the psychology of markets.
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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.
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