One Last Melt-Up?
Will there be one last melt-up before this doddering bull market seeks penance?
Expert's Profile
Rick Ackerman
Phenomenally accurate forecasts for stocks and commodities
Most recent content
A Timely E-Mini S&P Opportunity
The March E-Mini S&P contract looks primed to pop through a midpoint Hidden Pivot resistance at 5579.50.
How to Tell If a Meaningful Upturn Is Under Way
Here’s a do-it-yourself method for determining when the bear romp since early February may have ended, at least for the time being:
Sell Every Rally!
Everyone is so sure a bounce is coming that I am now looking lower — much lower.
Were you able to use my 5555.00 target?
The avalanche in the S&Ps may have ended tonight at 5558.00.
Approach / Strategy
What Is a Hidden Pivot?
When a stock's price fluctuates, it reflects the ongoing balance between supply and demand, likened to the natural flow of yin and yang. Stock movements resemble an "inhale" and "exhale" pattern, with each rise (zig) having a corresponding fall (zag).
Hidden pivots lie at key turning points within stock movements, helping determine price changes with precision, and they are “hidden” because they cannot be detected using such conventional technical tools as trendlines, support and resistance lines, Fibonacci levels, Gann angles, momentum oscillators or stochastic indicators. While Elliott Wave Analysis can offer similar insights, the hidden pivot method is simpler and more straightforward for traders to use.
Full Bio
Rick Ackerman is a seasoned trader, known for his 40+ years in the financial markets. He spent 12 years as an options market maker on the Pacific Coast Exchange and is now the editor and publisher of Rick's Picks, an online service for traders from novice to expert.
In the trading world, Rick is known for the unusual accuracy of his price predictions and for developing the Hidden Pivot Method that he uses to trade and forecast. His insights have been featured on CNBC, Bloomberg, and publications like Barron’s and The San Francisco Examiner. His provocative insights and timely trading calls have made him a frequent guest on shows hosted by Max Keiser, Greg Hunter, Corey Fleck, and Jim Goddard, among others. Ackerman also helped solve a famous pill-tampering case, earning recognition from the FBI.
If you want to make a positive change in the way you trade, then a good first step is to subscribe to Rick’s alerts on Golden Meadow, a vibrant community of trading and investing enthusiasts. Rick’s analyses are also featured in the long-running and celebrated Gold Price Forecast Alerts newsletter. Sign up today.