Ricks Picks

DJIA – Dow Industrial Average (Last:25,439)

EST

The Indoos stalled Monday almost precisely at the 25,440 midpoint Hidden Pivot shown. Buyers subsequently gave up almost no ground, setting up a likely move past the resistance on Wednesday. If it’s decisively exceeded, that would all but clinch more upside to the 25,998 target.  This was already no worse than an even-odds bet because the initial thrust, labeled A-B in the chart, exceeded two prior peaks without taking a breather. That created a powerful impulse leg; however, an even more powerful one would occur if the target is hit, since it lies slightly above a key ‘external’ peak at 25,980 recorded just before the stock market began to fall apart in early December. Technical analysis aside, you can use your eyeballs to answer this question: If the Dow reaches the 25,998 target, will it be close enough to new all-time highs to make them likely? Whatever your answer, the very possibility will be foremost on traders’ fevered brains, conceivably ‘magnetizing’ October’s all-time high at 26,951. ______ UPDATE (Feb 13, 4:56 p.m.):  Today’s action, which featured a pop to 25626, followed the script above. Please note that a pullback today to the green line at 25161 would trip a mechanical buy, stop 24,883. _______ UPDATE (Feb 14, 5:20): No change.



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Seminar Information page.

Tuesday, April 23, 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, April 23. Click below to register or get more information.

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