Rick Ackerman’s Technical Forecasts – Thu 5 Oct, 2017

Rick is back with comments on the US markets and Gold

First a shout out to Rick’s baseball team the Rockies who put up a heck of a fight last night. I’m a huge baseball fan and this time of the year is the best for sports fans!

As for our interview Rick elaborates on his morning line of a couple days ago that says US markets are experiencing a parabolic move. He shares some targets on the upside where he things the markets could stop… at least temporarily. We also look at the gold chart. There is a balance he presents that is on the bullish side.

Click here to visit Rick’s website and I recommend at least signing up for his “Free Trading Tout” on the right side of the home page.

Click download link to listen on this device: Download Show

Rick AckermanCory Fleck
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  1. On October 5, 2017 at 9:06 am,
    Bob UK says:

    Not that I am paranoid but the markets are waiting until I go massively long and then they will crash 70%.

    You all should be paying me money not to go long 🙂

    • On October 5, 2017 at 6:27 pm,
      Paul L. says:

      I sold my Google and Apple positions as the amounts invested were scaring me and today they took off. I bought back XOP yesterday and added more today. I have better luck with this. Also picked up a lot of USO yesterday. I expected oil to top at 52 once it held 47 and then I expected a move to just under 50 to near the 200 day and it did not get there. Maybe the last move under 50 for this year. Hoping.

  2. On October 5, 2017 at 9:24 am,
    CFS says:

    BobUK, Please go long, I’m waiting to go short and then buy cheap.

    Palisade radio:

    • On October 5, 2017 at 9:39 am,
      Bob UK says:

      I want a packet of spring onion flavoured crinkle crisps and 12 bottles of golden ale.

      No nuts – not a nut fan 😉

      • On October 5, 2017 at 10:02 am,
        bonzo barzini says:

        What about Samuel Smith’s nut brown ale?

        • On October 5, 2017 at 10:04 am,
          Bob UK says:

          Gower Gold or Wye Valley Butty Bach.

  3. On October 5, 2017 at 9:29 am,
    Dave says:

    djia next target 23,000 then 25,000

    • On October 5, 2017 at 11:08 am,
      OOTB Jerry says:

      To the MOON……………..and beyond……………….

  4. On October 5, 2017 at 10:41 am,
    Silverdollar says:

    Parabola? Maybe a bit over the top? The DOW has had at least five up-thrusts like this since the election. And since the Fed can’t allow things to reverse, will we ever see a major correction in our lifetime? FWIW, I’m planning on at least 5 more good years…..:)

  5. On October 5, 2017 at 10:59 am,
    Silverdollar says:
  6. On October 5, 2017 at 11:15 am,
    confused says:

    Sounded like Rick was operating a forklift at the Amazon warehouse where he has an office;)