Now, to a growing list of signs that Papa Bear has finally arrived, we will add yesterday’s unusual expiration-week behavior. One of these days stocks are going to really fall, wiping out the recollection of whatever distress we may have felt when the Industrial Average fell a measly two or three hundred points in a single session.  Is it possible the so-far orderly, 850-point decline that has occurred since last Wednesday will turn out to have been the beginning of such a decline? Of course it’s possible. We’ll know more if and when the Indoos grope their way down to a specific Hidden Pivot support  flagged in today’s edition of Rick’s Picks. If the support is breached by more than 2-3 points on first contact -- or, heaven forbid, breached on a closing basis – you had better look out below!

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Information and commentary contained herein comes from sources believed to be reliable, but this cannot be guaranteed. Past performance should not be construed as an indicator of future results, so let the buyer beware. Rick's Picks does not provide investment advice to individuals, nor act as an investment advisor, nor individually advocate the purchase or sale of any security or investment. From time to time, its editor may hold positions in issues referred to in this service, and he may alter or augment them at any time. Investments recommended herein should be made only after consulting with your investment advisor, and only after reviewing the prospectus or financial statements of the company. Rick's Picks reserves the right to use e-mail endorsements and/or profit claims from its subscribers for marketing purposes. All names will be kept anonymous and only subscribers’ initials will be used unless express written permission has been granted to the contrary. All Contents © 2007, Rick Ackerman. All Rights Reserved. www.rickackerman.com 

-- Posted Thursday, 16 August 2007 | Digg This Article