Chaos Clinic Recap
Here are Al's comments
3:17 looks like hold up into close-I'm done-Thanks for coming-see you next week-take a course
3:13 very choppy
3:09 may have pressed stop too soon
3:07 out -2.5
3:03 stop 907.5 - still hanging fire
2:53 still tracking red -Tide, so plan to hold until close
2:51 elected short 905, moving buy stop to 908
2:46 sell stop no hit yet
2:31 on the MTRainbow chart, today's prices are bounde by half of an ellipse-at the end of the ellipse
is often a chaotic move-you can catch it with this "bifurcation entry" technique
2:27 placing buy stop at 911 and sell stop at 905
2:24 looking for a sell setup
2:23 bears getting active
2:18 a "hold it up and distribute" day ; decline comes when distribution is done
2:07 now looking at 3 highs, with the 2nd and 3rd both lower -bearish
2:01 out +1 -gave it all the room I could; now, can the bears break it down?
1:58 coming into 3rd trade window-may just carry this trade through
1:55 stop still OK by one tick
1:43 been following red -Tide, but in last hour may follow green +Tide
1:40 I think the high will be 913.75 based on some astro stuff, so maybe I'll get the +5
1:36 stop 907.5
1:32 stop 907; passing the Saturn (S) timeline added some juice
1:29 stop to 906
1:24 stop to 905
1:22 on the SPBias chart, the Bias has turned bullish
1:15 a slow and tedious day - takes a lot of patience to trade this type of day
1:12 like the support on the 110 EXMA
1:02 streak right up the vertical green H Sun timeline
1:00 at solar Noon; watch to see if Sun adds some energy
12:47 stop held -holding tight
12:36 low came on the Mercury timeline; Mercury and Moon square just after the close, so coulld hold up to close
12:29 stop to 904-will cover at 5 points = 911.5 if get there
12:20 posted updatged Face of God chart in CCT Room
12:15 pressing a bit-bought 906.5 stop 902
12:04 looks like it will hold-may get a buy setup
11:58 watching to see if low holds; going into red -Tide low
11:47 Fractal shows possible rally to test the highs, so just watching unless break 902
11:45 got support on the 880 EXMA on rainbow chart for second time today
11:39 MTRainbow chart showing pinch in all averages -ready to sell but not yet
11:37 still looking weak, but not breaking down-in the trade windwo
11:25 so far the 110 EXMA best matches the red -Tide
11:17 The trading range is 902.5 to 912.25, and trading in the middle of it
11:11 looking weak,but still withing the up fractal
10:57 now clearly trading both sides of the 110 EXMA-signs of a congestion; stay out
10:44 next trade is 12:21, so not much to do until get close to it
10:38 I posted a Face of God chart to the CCT room. Market can't go up, not yet ready to go down
10:22 That drop was part of the up Fractal, and could have gone further. I've posted an update to the Fractal of Pi
in the CCT Room.
10:13 stopped for -2.5 -went flat
10:11 stop to 908
10:07 110 EXMA acting as a depressor
10:04 still OK
9:52 stop to 910
9:48 the 440 minute EXMA has turned down, so going flat to down for the day
9:45 elected short 905.5-putting stop at 911.5 for now
9:43 sharp reversal
9:42 that fractal is telling me not to expect much to the upside
9:37 putting sell stop at 905.5 ; I don't think it will be hit if the up fractal holds
I put a Fractal of Pi chart in the Certified Chaos Trader's room-open to those who have taken my 4 main courses
9:36 support came in on the 440 EXMA as anticipated-waiting
9:31 selling on outcry open-double top with Wednesday's high
9:28 resistance is 912.25 ; not in a hurry on the first trade; want to see some volatility
9:20 On the MTRainbow chart, the white 440 minute EXMA is up, near 906. That should be support.
9:04 Today we have 3 hotline trades:09:31, 12:21, and 14:24
the market is up in a carry over of yesterday's rally, which should hold it up until about 12:20
The 9:31 trade may not set up until 10:00, when the Exchange passes the vertical Venus timeline
9:00 Good morning from Chaos Manor
Besides the comments made by Al, the chat room is has live
comments from other traders who sometimes share their views,
trades and tips. Below are the chat room comments from this clinic
5/29/2009 2:05:41 PM MT JAB:: close Spx@919.14..........the chart says it all.........thanks for all of your help Al
5/29/2009 2:05:29 PM MT mm****:: yea - the shorts covered and pushed it from the triple bottom up to the 927.25 R level
5/29/2009 2:02:07 PM MT TG****:: Wow
5/29/2009 12:22:22 PM MT Al****:: JGS: just log in with your last name as user name and your
email address as the password
5/29/2009 12:16:53 PM MT JAB:: flag broken trend line broken on 5 min chart........UP is the word....SPX@910.56 now
5/29/2009 11:22:24 AM MT jgs:: Al, since it's a slow day, maybe you could help me with my login for the CCT chat room. Thanks, John Smith
5/29/2009 10:12:33 AM MT TG****:: I see a nicely formed reverse H&S at yesterday's low. Minimum target would be in the 916.5-918 range. A FOP from yesterday's low to the next high on red tide near 916 looks like a pretty good fit thus far.
5/29/2009 7:33:41 AM MT UNI:: GM All
5/29/2009 6:45:43 AM MT Al****:: GM all-good luck today
5/29/2009 5:47:05 AM MT mm****:: gm all - have a great day
9:00 Eastern-System: No comments
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