Nothing of interest could be inferred from Monday’s listless price action, although as much could be said of a baseball game in which no batter has reached first after six innings. It only seems dull to those who don’t know the game. For those who keep up with the savvy, cynical commentary at ZeroHedge, even Wall Street’s most tedious days take on a sinister hue. Whatever scheming oligarch may have caused Monday’s ups and downs, we can only be thankful he was evidently in a good mood, since any damage done early in the session, when the Dow was down about 200 points, was rectified by day’s end. This left me less bearish than I’d been when I updated my touts (see below) for Sunday night. For perspective, however, I’ll note that an 800-point rally or decline from these levels wouldn’t change the technical picture one bit. By my runes, the outlook remains bearish for the intermediate-to-long-term.
Comments on this entry are closed.
Click here for a special deal for graduates of the Hidden Pivot Course who want to stay on the cutting edge
Tuesday, Sept 11, 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, September 11. Click below to register or get more information.
Investors Fiddle as the Nation Burns
An Extremely Delicate Moment for America
Scariest Thing About the Tariff War Is Wall Street Keeping Its Cool
Autumn’s Here, and Stocks Are Priced for Perfection
Eerie Calm Before the Storm
DaBoyz Are Solidly in Command of Two Key Stocks
Did AAPL, AMZN Top Last Week?
Senator Cory Booker’s ‘Ashlee Simpson Moment’
The Cockroach Effect