Close X Cookies are necessary for the proper functioning of 24hGold.com. By continuing your navigation on our website, you are accepting the use of cookies.
To learn more about cookies ...
EnglishFrench
Gold & Silver Prices in
In the same category

Wanna Bet Dow Rallies to Exactly 13259.62?

IMG Auteur
 
 
Published : December 07th, 2012
406 words - Reading time : 1 - 1 minutes
( 5 votes, 1/5 )
Print article
  Article Comments Comment this article Rating All Articles  
0
Send
0
comment
Our Newsletter...
FOLLOW : B-wave Price Action
Category : Opinions and Analysis

 

 

 

 

If you’re a market-watcher who has grown as bored with December’s tedious ups-and-downs as we have, here’s a black magic forecast for the Dow Industrials that you can track in real time to help make the time pass. Besides the entertainment value of watching this prediction play out, you’ll also be able to trade it if you desire. The predicted rally is nothing spectacular — just a modest, 185.58-point upthrust in Indoos. How could we be so brashly certain that the impending surge will be exactly 185.58 points? Hidden Pivot Analysis, is how. That’s our propietary technical method, and if you use it to analyze the chart below, the price pattern on display looks too pretty to fail, even by an inch. We employ a simple ABCD wave form to predict these moves, and although this pattern in particular looks somewhat gnarly, it becomes a perfect “ten” when subjected to just a few simple rules.




Well, yes, it’s at least conceivable the rally will miss our 13259.62 target by a hair. Even so, we can all but guarantee that the target will be reached, and without an intervening correction. Both of these outcomes are predictable because of the way in which yesterday’s surge moved so easily past 13,012, a “midpoint Hidden Pivot” that is the ‘D’ target’s genetic sibling. Notice how the steep, uptrending bar circled in red smashed through this “hidden resistance” without pause. According to our proprietary technical methods, that kind of price action at a key Hidden Pivot resistance all but guarantees that the target itself will be reached. As for the precision of the “hit” that we are predicting with such cocksureness, it comes from certain features of the ABCD pattern itself that trained “Pivoteers” have been taught to recognize.


You Can Learn


You could learn to do these tricks yourself, by the way. As you’ll discover if you attend the upcoming webinar in mid-January, hitting bullseyes like the one we’ve proffered above is just a cheap parlor trick that nearly anyone can learn. And so is “camouflage trading,” a technique designed to help traders overcome their fear of pulling the trigger. If you have a belly button, you are absolutely qualified to learn how to use Hidden Pivots, impulse legs and camouflage trading to manage risk very tightly and easily.


Or would you rather spend December watching Congress and Obama screw the pooch as America edges toward the supposed fiscal cliff?



 

 

<< Previous article
Rate : Average note :1 (5 votes)
>> Next article
Rick Ackerman is the editor of Rick’s Picks, a daily trading newsletter and intraday advisory packed with detailed strategies, fresh ideas and plain old horse sense.
Comments closed
Latest comment posted for this article
Be the first to comment
Add your comment
Top articles
Latest Comments
The Libertarian Paradox
24 Sepsam_site
As your article suggests, the state claims to insure an orderly environment so liberty can flourish. The reality is that the state promotes f...
The Truth About War and the State
24 Sepsam_site
Waugh Despite rigging as you say, Ron Paul couldn't even get eight states in 2012. He was too honest - with his "we can't afford the welfare a...
John Maynard Keynes, Immoralist
23 Sepsam_site
Intense Article. Behind the scenes, a Globalist cabal requires a champion like Keynes to legitimize the creation of fake money so the central...
What Gold and Silver Analysts Ov...
19 SepS W.
Well here it is 12 years on and never a truer article has been written. Gold is money and every thing else is "toilet paper" .. to paraphr...
Allegations of Fraud Surface Ove...
18 Sepkevthorne
Excellent article, Mish - it's about time this was highlighted - it is happening all the time here in the UK, with insurance companies, 'phone comp...
Ken Rogoff’s Government Debt Def...
18 SepDRGEORGE1
I thought James Grant's dismissal of this dangerous piece of propaganda was good but yours, Peter, was even better. Please, everyone, who reads and...
Allegations of Fraud Surface Ove...
17 SepGoldGrl0
Mish, you should stick to finance. Publishing unsupported attack rumors won't hurt H, but will hurt your reputation.
The Truth About War and the State
17 Sepkev43211
We will never get anywhere with this characterization of the state. The state is not some malevolent monster always seeking war. However, the sta...
Most commented articlesFavoritesMore...
World PM Newsflow
ALL
GOLD
SILVER
PGM & DIAMONDS
OIL & GAS
OTHER METALS