Advertise | Bookmark | Contact Us | E-Mail List |  | Update Page | UraniumSeek.com 

Commentary : Gold Review : Markets : News Wire : Quotes : Silver : Stocks - Main Page 

 GoldSeek.com >> News >> Story  Disclaimer 
 
Latest Headlines

Gold Seeker Closing Report: Gold Ends Lower While Silver Edges Up
By: Chris Mullen, Gold Seeker Report

Ira Epstein's Metals Video 2 21 2018
By: Ira Epstein

Find The Sentence That Dooms Pension Funds (Don’t Worry, It’s Highlighted)
By: John Rubino

Miners’ Rally? What Rally? Watch Out for More Fake Moves!
By: Przemyslaw Radomski, CFA

But, What About The Housing Market?
By: Dave Kranzler

5 Big Drivers of Higher Inflation Rates Ahead
By: Stefan Gleason

Dollar:Gold
By: Gary Savage

5 Things Investors Should Know About China this New Year
By: Frank Holmes

Zinc One Reports Final High-Grade Zinc Results from Sampling Program at Bongara Zinc Mine Project, Peru; Update on Current Drill Program
By: Zinc One Resources Inc.

Bitcoin or British Pound ‘Pretty Much Failed’ As Currency?
By: GoldCore

 
Search

GoldSeek Web

 
Save Your Guesses: Here's Where Stocks Are Going

By: Rick Ackerman, Rick's Picks

 -- Published: Wednesday, 15 February 2017 | Print  | Disqus 

http://www.rickackerman.com/wp-content/uploads/2017/02/There-is-no-guesswork.jpg

Buyers exceeded my 2333.75 minimum upside objective by a decisive four points on Tuesday, meaning it’s time to raise our sights.  We need only slide down to a new point ‘A’ — in this case, a 2177.00 low recorded on December 5 (see inset) — to produce a fresh target at 2384.75 noted here earlier. That would equate to a Dow rally of about 450 points, which is no big deal these days, especially if it occurs over the course of a week. This target should work, and very precisely. This means that: 1) I am confident it will be achieved; and 2) there is likely to be a tradable pullback from it, give or take no more than a point or two. There is a possibility that the actual high will occur at 2387.50, since there’s a slightly lower, alternative point ‘A’ available on the chart.  This is a small matter, however, since either target will provide a basis for trading with a bullish bias at least until the lower number is reached. In the meantime, we may decide to use a pullback to p or p2 to set up a mechanical entry, so stay tuned to the chat room and The Scoreboard if you’re keen on trading this vehicle. If you don’t subscribe, click here for two weeks' free access to Rick's Picks, including daily, actionable 'touts', round-the-clock updates, impromptu tech analysis sessions online, and a chat room that draws experienced traders from around the world at all hours of the day and night.


| Digg This Article
 -- Published: Wednesday, 15 February 2017 | E-Mail  | Print  | Source: GoldSeek.com

comments powered by Disqus



 



Increase Text SizeDecrease Text SizeE-mail Link of Current PagePrinter Friendly PageReturn to GoldSeek.com

 news.goldseek.com >> Story

E-mail Page  | Print  | Disclaimer 


© 1995 - 2017



GoldSeek.com Supports Kiva.org

© GoldSeek.com, Gold Seek LLC

The content on this site is protected by U.S. and international copyright laws and is the property of GoldSeek.com and/or the providers of the content under license. By "content" we mean any information, mode of expression, or other materials and services found on GoldSeek.com. This includes editorials, news, our writings, graphics, and any and all other features found on the site. Please contact us for any further information.

Live GoldSeek Visitor Map | Disclaimer

The views contained here may not represent the views of GoldSeek.com, its affiliates or advertisers. GoldSeek.com makes no representation, warranty or guarantee as to the accuracy or completeness of the information (including news, editorials, prices, statistics, analyses and the like) provided through its service. Any copying, reproduction and/or redistribution of any of the documents, data, content or materials contained on or within this website, without the express written consent of GoldSeek.com, is strictly prohibited. In no event shall GoldSeek.com or its affiliates be liable to any person for any decision made or action taken in reliance upon the information provided herein.