Market Curiosity: Exploring Markets And Systems

December 7, 2010

Paying Homage To Rick Ackerman’s Method

Filed under: Just Watching — Jeff Fitzmyers @ 11:53 am

Some say one can’t predict resistance areas in stocks when they are in new all time highs. Well, Rick’s method did just that. (And I am probably not even using it correctly since I have not taken his course!) I added the green lines on the chart 4-5 days ago. The 100% horizontal line indicates 42.37. Todays high was 42.34. In conjunction with a big opening gap up on an extended run: A perfect place to sell a swing trade and look to buy again on a pullback.

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