Friday 1 April 2011

Preparing to Short a Top

This session was open to all Rick’s Picks subscribers, since the focus was on leveraging a cluster of Hidden Pivots that, taken together, strongly hint of an important top. We traced the provenance of two such targets in the E-Mini S&P and also found a new one in the Mini-Dow at 12409. Not wanting to waste the opportunity presented by a possible last-gasp rally, we looked for camouflage entry spots for bullish trades in the mini-index futures. Even if the stock market doesn’t collapse after hitting our targets, we expect to make money on short trades by managing risk scrupulously.


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