Those who follow Rick’s Picks closely would not have been surprised by yesterday’s across-the-board avalanche in commodities and currencies.  The night before, a commentary bearing the headline “Strong Dollar Predicting Europe’s Breakdown” went out to subscribers and readers. Our actual target for the Dollar Index lay well above, at 79.86, but yesterday’s explosive move came within 1.06 of hitting it. We remain confident the target will be achieved, albeit perhaps considerably earlier than we might have expected.  If so, yesterday’s dramatic unwinding of the so-called “risk trade” has farther to go. How much farther?  We’ve provided subscribers with a precise target for the December E-Mini S&P futures, and although the carnage could conceivably end with a relapse today down to 1088, about 20 points (or 160 Dow points) beneath yesterday’s low, any slippage beneath that number would, from a technical standpoint, have potentially grave consequences for the near and intermediate term.  We’ve also included in today’s “Touts” section of Rick’s Picks a precise and extremely bullish forecast for T-Bond futures that if correct implies that long-term interest rates are about to fall to levels that few have imagined, at least in print. If you want to be on top of our detailed forecasts and trading recommendations, and to have access to a chat room that draws top traders from around the world at all hours, click here  for a free trial subscription to Rick’s Picks.)

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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. There is a substantial risk of loss in futures and option trading, and even experts can, and sometimes do, lose their proverbial shirts.  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 © 2010, Rick Ackerman. All Rights Reserved. www.rickackerman.com

-- Posted Friday, 23 September 2011 | Digg This Article