Rick Ackerman

An important note from the chat room

By: Rick Ackerman – Posted in: Notifications

Actionable Trade-Alert from Rick in the Trading Room (Please check all related discussion in the room before you do any trades.)To: All subscribersFrom: RickI will be moving into another stage of my life when I leave Florida in October. I am considering returning to San Francisco, which, despite the very negative publicity, the squalor of the Tenderloin and a dying downtown, is still the hands-down greatest city in America. The redevelopment of the Presidio in particular has been a spectacular success. It has always been one of the most desirable properties in the world, even when the U.S. Army used it and when the U.S. Park Service merely maintained it. It offers amazing views, scenic hiking trails, golf courses and tennis courts, and miles of beach along the Bay. But its conversion for civilian use must be seen and experienced to be fully appreciated. Some of the credit must go to Nancy Pelosi. One of my goals for 2025 is to put Rick's Picks in capable hands so that I can pursue a big project that has beckoned me for many years: reviving muscular local journalism. I had started working on this in 2017, before divorce and cancer derailed me. Selling Rick's Picks does NOT mean I will be any less of a presence in here, only that someone else will handle the touts. Commentaries and interviews would be optional, but I would continue to play a role. Some of you are better suited than I for using interviews promotionally, since you are more knowledgeable than I about, for one, bullion and the resource sector. If any of you, or perhaps a group of subscribers, are interested in buying Rick's Picks, please contact me at rick@rickackerman.com.  I will train you in all aspects of the Hidden Pivot Method and also

Silver update

By: Rick Ackerman – Posted in: Notifications

Actionable Trade-Alert from Rick in the Trading Room (Please check all related discussion in the room before you do any trades.)I am continuing to track Comex  Silver closely because of popular demand. Some subscribers re-entered at lower prices after getting stopped out of a position that racked up a theoretical gain of as much as $22,000.  From the chat room here's my current outlook, along with a link you can copy-and-paste to see the chart I am using to call the turns:   Thursday, August 15, 2024 02:0002:26  KrisKrosAmazing calls again Rick regarding Silver. I was stopped out of position around 27.50 but then when i saw your post here and it had already gone down to 27.23 i realized i had to get back in. So i ended up getting in a bit lower thanks to you. It has now passed the 27.79 indicated in your chart as it's right now at 27.95. What do you see next, sell half and target 28.61 and stop at 27.50 for the rest? I use to think i would invest in Silver and wait but given how unpredictable and jumpy it is i think it's only good for trading purposes. Gold is so much better for being long and at peace too!03:0003:07  RickThe gratuitously vicious little sonofabitch is headed to D=28.60, which coincidentally is the original rally target. The target will become an odds-on bet to be reached if the futures can overcome their stall precisely at p=28.045. Here's a chart, with an ABCD pattern that few likely see -- and that is why it will work reliably for us:03:08  Rickhttps://bit.ly/3YNclgc Virus-free.www.avg.com

ES Guidance just posted in the chat room

By: Rick Ackerman – Posted in: Notifications

Actionable Trade-Alert from Rick in the Trading Room (Please check all related discussion in the room before you do any trades.)ESU: Very gnarly pattern says 5523.75 can be used as a for-certain minimum upside target, but also as a place to go short with a ridiculously tight stop-loss.  The pattern is on the 60m, and the trade -- presumably using an rABC trigger -- is for those who can find the coordinates and target.Virus-free.www.avg.com

Are we there yet? Maybe….

By: Rick Ackerman – Posted in: Notifications

Actionable Trade-Alert from Rick in the Trading Room (Please check all related discussion in the room before you do any trades.)From the chat room just now:     10:33  RickMSFT tripped a 'mechanical' short at 425.72, stop 434.76.10:34  RickQQQ should be shorted at 466.51, oh yes. Virus-free.www.avg.com

Actionable guidance for WMT jackpot puts

By: Rick Ackerman – Posted in: Notifications

Actionable Trade-Alert from Rick in the Trading Room (Please check all related discussion in the room before you do any trades.)13:00 13:43  RickExpiring (May 31) WMT 63 puts for 0.03 look like an enticing speculation. This is a jackpot longshot, so be prepared to kiss your hard-earned money good-bye. Virus-free.www.avg.com

DIA poised on the edge….

By: Rick Ackerman – Posted in: Notifications

Actionable Trade-Alert from Rick in the Trading Room (Please check all related discussion in the room before you do any trades.)19:43  RickI was setting trade alerts for numerous symbols and happened on a DIA weekly chart that looks menacing. It offers an even clearer picture than the IBM and NVDA/RCA charts I've displayed to show how a head-fake to a marginal new record can set the hook. If p=384.26 support fails, I expect the implied 1700-point drop in the Dow to come quickly. Here's the chart:19:43  Rickhttps://bit.ly/4aFUp9m19:59  RickI re-used an 'a-b' trigger here, but it was only to establish a minimum downside target. The next-bigger a-b (a=469.50 on 1/7/22) yields a target of....317.07(!). I'd suggest that you keep that number well in mind if a hellacious plunge develops over the next 5-7 days. If you want to take a flier on some cheapie puts (i.e., under 0.60), I'd suggest going out no further than June 21 or 28. The puts are too thinly traded to trace out HP patterns, so I cannot offer an optimal price for buying them. https://bit.ly/4aFUp9m  Virus-free.www.avg.com

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