Ricks Picks

AAPL – Apple Computer (Last:179.68)


A 10% fall over the last seven  days has generated some bearish impulse legs on the lesser charts without doing much damage to the much larger uptrend begun on January 3. Even so, because Apple has nothing new in the pipeline as profitable as iPhone sales, which have been weakening, we’ll want to make sure that bulls prove their case each step of the way before we buy into it. For now, that would mean a thrust exceeding the green line (click in inset). It would trip a theoretical buy signal for a shot at 233.50, but more immediately to the 208.14 midpoint pivot of the pattern. Keep in mind that neither of these Hidden Pivots nor their targets will even exist until AAPL reaches 200.45. _______ UPDATE (May 13, 11:16 a.m. ET): AAPL’s plunge today has put a 179.48 target in play. Judging from the way sellers crushed the midpoint Hidden Pivot at 189.02, I’d rate the target an 80% bet to be reached._______ UPDATE (May 14, 4:11 p.m.): A small rally has changed nothing. Set an alert at 198.56, since that’s where it would become technically meaningful. ______ UPDATE (May 19, 10:29 p.m.): DaBoyz are having trouble propping up the stock. If it slips below 185.54, use D=178.61 as a minimum downside target. Here’s the chart. _______ UPDATE (May 23, 11:41 p.m.): AAPL fell to our 178.31 target as expected, then struggled for the rest of the session to hold above it. Next stop on the way down: 175.48. (30-min, A= 201.68 on 5/9).

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Tuesday, August 20, 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, August 20. Click below to register or get more information.

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