As for what the Fed may or may not be about to do, there was a cockamamie theory floating around on the Internet yesterday that the "black swan" event that would surprise us all, triggering a stock-market collapse, would be a move by the Fed to raise rates. Yeah, sure. That’s about as likely as O.J. finding the real killer. Black swan’s aside, we’re pretty sure the Fed is going to keep on doing exactly what it has been doing – i.e., lowering rates no matter what it, or anyone else says, and no matter how much Bernanke and his lackeys talk about a supposed "threat" of "inflation."

To repeat: Inflation is not the problem; rather, it is a farfetched solution at this point – and that is only if it could somehow affect real estate prices and nothing else. How likely is that? Not very, and so we’re back to deflation again. It is by now inevitable, so don’t waste your time listening to the clowns who continue to flog the "threat" of "inflation" -- or even more absurdly, of "stagflation." In their dreams, maybe. Make no mistake, we’re in for something far worse.

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The course is not about technical analysis in the conventional sense, with its tired and overly scrutinized trendlines, its familiar oscillators, channels, volume indicators, and all the rest, Rather, it is a way of looking at charts with a fresh eye – to see charts as "art," with emphasis on visual elements of harmony, symmetry, and, indeed, beauty. My annotated charts do not look even remotely like those of other technicians, and that is why the "buy" and "sell" signals that come from them rarely coincide with those favored and used by the herd.

The online class will be a particularly good opportunity for those who were unable to attend my classes last year in New York, Sydney, Vancouver, San Francisco and Denver. If you’ve visited the Rick’s Picks chat room and marveled at the forecasting skill of seminar grads, this course is designed to quickly bring you up to their level. While I cannot guarantee that the course will turn you into a fabulously rich trader, I can promise, as stated above, that with a little diligence and practice, your ability to precisely predict price reversals in stocks, indexes, options and commodities will be at least as good as anyone whose forecasts you have ever paid for.