Ricks Picks

AAPL – Apple Computer (Last:194.18)

EST

On a take-no-prisoners rampage, the stock has bounced 12% since bottoming a week ago. This tripped a ‘counterintuitive’ buy signal at 181.72 that implies more upside to at least 193.18, the midpoint Hidden Pivot (see inset). However, AAPL would become a tempting ‘counterintuitive’ short if it falls exactly 5.55 points from any peak occurring between Friday’s 191.92 high and around 192.70. That means the signal to get short would trigger at 186.37 if AAPL goes no higher than 191.92. Tune to the chat room for guidance in real time on put spreads that could effectively leverage a sharp relapse in the stock._______ UPDATE (Jun 10, 8:57 p.m.): AAPL easily achieved the 193.18 target given above. However, if the stock closes toward the lower end of its range on Tuesday, that could generate a stochastic sell signal.  Even if not, the short squeeze has gotten very overbought on the daily chart. _______ UPDATE (June 11, 5:43 p.m.): The stock looked no worse than neutral at the bell, although a close Wednesday at the lower end of its range would still tip the daily chart bearish. _______ UPDATE (Jun 12, 11:08 p.m.): The stock is doing a Wile E. Coyote, hovering over an abyss without visible support. We’ll step away for the time being, since there is no percentage in guessing here.

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Seminar Information page.

Tuesday, October 15, 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, October 15. Click below to register or get more information.

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