They don’t ring a bell at the top, as the old saying goes. Still, if you’re looking for scary signs of excess in the stock market, you couldn’t find better evidence of it than bitcoin’s psychotic rally. I’ve projected a move to at least 21,032 (see tout below), a 66% gain from current levels, but I hesitate to assert that that would be the end of it. It is matched by rampant speculation in the housing sector, where corporations have been snapping up 25% of all homes on the market to rent them or flip them for quick profits. Unlike the wilding spree in bitcoin, which is just a silly, stupid game, the inevitable collapse of the housing bubble holds grave implications for the U.S. economy.
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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.
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