Notifications

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

Of particular interest if Elliott Wave Theory

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.)…has left you straddling the fence: 06:19  Formula382booth, IMO I think this is merely the b wave, higher high we needed in the primary count before this rally is over. To be honest, we can turn down at any moment now, the pattern is full and we have our higher high. Where can it extend? Not sure I really care. Just watching for 5 waves down from where we strike a high to confirm an interim top is in.06:43  RickMy friend Garrett Jones is having the same problem bending EWT to fit either of two scenarios, Formula. Immediately below is a link to his latest edition of 'Observations', which can't decide whether the bull has topped or will instead do so later this summer/fall. His solution is to be ready now, just in case. Here's a link to the newsletter, which contains many interesting, albeit possibly overimagined, charts:06:43  Rickhttps://bit.ly/4bvl75J https://bit.ly/4bvl75J Virus-free.www.avg.com

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