Chaos Clinic Recap
Here are Al's comments
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Gold Looks Ready To Rally
Chaos Clinic for 4/12/2019
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A month ago I did my Chaos Clinic on Gold, specifially the exchange traded fund, GLD.
I said GLD was in a congestion in a larger up Chaos Clamshell. I suggested that the
congestion could end near April 4th.
This chart shows that the congestion has formed as anticipated, but that it has extended
until about April 21st. April 4th was a support date, and a minor rally followed,
but the congestion continues to be bound by the red triangle shown.
This still looks like a buying opportunity. Prices are now near 122, near the bottom of the
congestion. A protective stop should be placed at 120.
I have added two EXMAs to this chart, a 144 and a 288 bar. The
288 bar is support for the congestion, and can be used as a stop
guide. Note that as GLD began its rally, the 288 EXMA stopped it
at point 3, then provided support at minor point 4. The 288 bars
translates into a 96 trading day average. This suggests
a longer term move.
To learn more about Chaos Clamshells, I suggest my Cash In On Chaos course.
available at Moneytide.com
To stay abreast of Dr. Al's views, sign up for the Tomorrow's Market Hotline Email
on the same site.
Besides the comments made by Al, the chat room has live
comments from other traders who sometimes share their views,
trades and tips. Below are the chat room comments from this clinic
4/12/2019 1:17:59 PM MT Al****:: I'm done;thanks for coming; see you next week; take some courses
4/12/2019 1:16:49 PM MT Al****:: out +1
4/12/2019 1:12:20 PM MT ff:: Thanks Al. Sort of looks like it will just twiddle around where it is now till close. Could be wrong.
4/12/2019 12:55:18 PM MT Al****:: ff said: Any rally likely to be slapped down hard later
good call
4/12/2019 12:41:11 PM MT Al****:: I took this trade off of the Secret->esNat72 chart
small double top on white vibration level
pivot was two white levels lower
4/12/2019 12:34:24 PM MT Al****:: may still decline-sold 2910 stop 2911.25 ; small risk
4/12/2019 12:24:26 PM MT Al****:: held up-no clear hotline trade today
4/12/2019 12:12:45 PM MT ff:: Leo moon Monday, April 15
4/12/2019 11:40:24 AM MT Al****:: if you have taken Chaos Trading Made Easy, you will have a link on the left side of the ListOfCharts page to the S&P CTME page. Note how the second chart showed the rebound high
4/12/2019 11:29:23 AM MT Al****:: if this rebound high holds, a simple ABC projection is 2898.75
4/12/2019 11:09:26 AM MT Al****:: green swan meeting red swan
4/12/2019 10:12:02 AM MT Al****:: right near 1300 Eastern the exchange passes Sun, Moon, Node, and Mars timelines; watch for the effect
4/12/2019 10:04:01 AM MT ff:: Any rally likely to be slapped down hard later.
4/12/2019 10:03:36 AM MT gon:: Thanks Al! The blow of has been impressive in Tech sector.
4/12/2019 9:57:57 AM MT Al****:: thanks
4/12/2019 9:56:12 AM MT ff:: Building support around 2904 +T000 and -t135 lines, top Chaos chart?
4/12/2019 9:54:33 AM MT ff:: Nice chart Al
4/12/2019 9:52:07 AM MT Al****:: I have added a second chart to the AUX page showing my 19 day 2 hour chart. It shows a nice rising wedge pattern with a blow off move to the apex of the wedge.
4/12/2019 9:28:24 AM MT ff:: Small support
4/12/2019 9:19:46 AM MT ff:: Looks more like a continued down
4/12/2019 9:18:24 AM MT Ahab****:: I couldnt upload chart. I think it is on my end. Sent you chart in email.
4/12/2019 9:15:40 AM MT ff:: Approaching green swan. Some possible energy ahead?
4/12/2019 9:15:07 AM MT Al****:: this does look to me like the end of the Santa rally
need the EXMA's to turn down to confirm
4/12/2019 9:09:53 AM MT Al****:: yes
4/12/2019 8:57:21 AM MT Ahab****:: Can I add chart to CCT room without bumping your chart out?
4/12/2019 8:52:19 AM MT Ahab****:: Prices couldnt have followed the Fractal of Pi chart any better.
4/12/2019 8:47:38 AM MT Al****:: yesterday I was sure the Santa rally was over; then last night I saw prices being lifted by the Moon flux, so I pulled in my bear claws;
maybe I just had to wait a day
4/12/2019 8:41:24 AM MT Al****:: I have placed a Fractal of Pi chart in the Certified Chaos Trader's Room. That room is open
to graduates of my 4 main courses. See http://moneytide.com -> Courses for details.
eMylar Fractal of Pi overlays help you be patient, since they show you future potential moves.
The best bargain in my courses is to take the Cash In On Chaos and Fractal of Pi courses and
learn to use the FOP overlay. Then take Chaos Trading Made Easy, and finish with Face Of God.
4/12/2019 8:34:35 AM MT Al****:: good eyes ff; that double Red Swan later today could drive prices right back down
4/12/2019 8:07:51 AM MT ff:: At 11:17 natural time approaching double red swan?
4/12/2019 7:58:23 AM MT Al****:: Flash Boys soldR4
4/12/2019 7:54:11 AM MT Al****:: GON: it still is a potential 2 until the 2018 high is taken out
4/12/2019 7:50:27 AM MT ff:: My mistake re surpassed - was looking at SPY
4/12/2019 7:43:32 AM MT ff:: Surpassed 9/21/18 high.
4/12/2019 7:43:17 AM MT Ahab****:: I dont know what Gann had to say about 4 attempts etc but I dont think he could have predicted the streak up this morning as precisely as YOU DID in your xtide2plus and spytide 2 plus 2 charts
4/12/2019 7:39:05 AM MT gon:: Hi Al, do you still consider the move from the December bottom as a potential 2 in a larger down Chaos Clamshell? Or has it gone to far in terms of price and/or time? Many thanks.
4/12/2019 7:34:52 AM MT Ahab****:: I like that chart but the lines are faint and hard to read. maybe easier for younger eyes.
4/12/2019 7:34:28 AM MT Al****:: interesting-the news is about China; the symbol of China is the dragon; that comes from the Moon's node, that invisible point where the Moon's orbital plane crosses the ecliptic; Chinese astrologers were the first to discover it; it is critical in predicting eclipses; every emperor had to know when these were coming; so the emperor was the only one allowed to display dragons on their clothing; the two Chines dragons represent the Moon's North and South Nodes.
Today the Moon is transiting both the Moon's Node and the S&P's natal Node;
4/12/2019 7:33:01 AM MT Ahab****:: Looking at ES chart. Looks like prices hit resistance at 6th harmonic. Doesnt look like it would take much for prices to move down and find support on 8th harmonic.
4/12/2019 6:42:45 AM MT Al****:: the Secret->esNat360 chart show a good example of Gann's rule of 4
prices found resistance at the white vibration level all week
Gann's rule of 4 says after 4 attempts at a level, a chaotic move one way or the other can occur
in this case it was an overnight break up to the green vibration level
4/12/2019 5:59:04 AM MT Al****:: GM all, good luck today
Chaos Clinic is posted on the AUX page
9:00 Eastern-System: No comments
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