Impulse legs this powerful are not reversed easily or often

Impulse legs this powerful are not reversed easily or often Dear Trader, Bears were probably more frightened than bulls when Monday’s carnage ended. The final half-hour of the session featured an 80-point rally so steep that it would have left shorts too dazed to stand their ground. However, the bigger picture suggests cyclical forces may finally be on their side. It features an 11% drop in the S&Ps over the last eight days that exceeded no fewer than five prior lows. This is a quite powerful impulse leg, and it is how we might expect a bear market to begin. For now, though, it seems highly unlikely to be quickly undone by short covering, let alone by bulls eager to buy the dip. This time, many of them will doubtless be praying for an opportunity to exit at at least somewhat higher prices rather than salivating over the prospect of going all-in on further weakness. This doesn’t mean things will get any easier for bears, who may be sensing a chance, finally, to make some real money. Regardless, whatever opportunities arise will be reducible to the common denominator of the Hidden Pivot Method: impulse legs. Stay tuned if you want to see how we make sense of them and trade them, no matter how nutty stocks get. _______ UPDATE (Jan 25, 10:23 p.m.): ‘Mechanical’ trades work best in violent markets, especially when the entry looks scary. Check out this evening’s chat room gambit involving a bet against a nasty after-hours sell-off. It produced a quick winner worth at least $1,700 per contract. Rick Ackerman Here's to your trading success! Rick Ackerman [ Sign Up For Free Trial Subscription of Rick's Picks]( The Mechanical Trade System Mechanical Trades System ($497 Value) Fundamentals of a Hidden Pivot Method ($47 Value) Three Month Subscription to Rick’s Picks ($177 Value) Three Months of Tutorials ($197 Value) Total value: $ 918 $497 Today [ Sign Up For The Mechanical Trading System TodayÂ]( Step #1 Want My FREE ActiveTrades [Active Trades and commentary]( Step #2Join My Trading Community:[Facebook]( l [Twitter]( l [YouTube]( Step #3 Enroll in the Fundamentals of the Hidden Pivot course for only $47 [Click here for this special deal]( Copyright © 2021+ Hidden Pivot Enterprises, All rights reserved. Disclaimer - This email is for information purposes only and should not be considered personalized advice or a solicitation to buy or sell any securities. Sent to: {EMAIL} [Unsubscribe]( Rick's Picks - Hidden Pivot Enterprises, PO Box 270646, Louisville, Colorado 80027, United States