Chaos Clinic Recap
Here are Al's comments
2:20 aborted -.5 -done for the day - see you next week -take a course
2:53 sold 20.75 stop 22.75 -2 points due to dullness
2:50 ready to sell-but waiting a bit
2:41 no juice in this lemon at all
2:29 getting some weakness-watching closely
2:23 on the SP Image chart I see a 7 move fractal, with this last rally being the slowest and weakest-bearish
2:16 we end the day with Node, Saturn,Moon, and Chiron timelines - the micro rally should hold until the Moon one
2:09 got some lift passing the magenta Mercury timeline
2:06 following green +Tide; if you look on the SP1Day chart, with the 3 minute candles you see several 3 tick doji's
This means it's too dull to trade
2:01 doesn't look like I missed much-typical summer Friday afternoon
1:00 one nice thing about MoonTides is that they give you jsut a few times to trade-the next time is near 2:30
I'm going to lunch - be back in about an hour
12:56 pretty letharic-much like the same time of day yesterday
12:38 aborting -.5 -dead
12:27 no up juice on the last minor rally-still below 110 EXMA -resold 19.25 stop 21.25
12:15 trapped between the two Moon flux lines - aided by Uranus; may hold flat until late
12:08 note that that low came exactly on the crossing of the yellow diagonal lines-the MoonTide Harmonic Grid
12:00 support came at 18- looks stalled -I'm going to cover here for +.5 and look to re-enter if warranted
11:47 still hanging-nothing to do but wait-stop is very tight
11:32 right here is a critical point -prices are staying below the 110 EXMA
11:20 now I can move the stop to 1121, at a 3 point quantum and above the 110 EXMA-note how it has curled over
11:18 stop 22 - 3 points above low
11:14 sold 20.25 stop 23.25
11:08 got the sell - XTIDE suggests a minor rally or hang right here, so I'm waiting but ready
11:05 about to get a sell signal -
10:56 right now on red -Tide - looking weak, so I'm watching for a possible sell setup
10:47 no enthusiasm on this minor rally
10:28 high was set by Mars, support came off the Moon -T180 flux line ; next Tide turn near 11:20; nothing to do until then
10:24 covering +1 ; stalled on the 110 EXMA
10:17 getting that kind of a break -stop 22
10:15 unless we get a fast break, the cover target is at a +4 gain, or 1218
10:13 OOB trades are riskier than trend trades, unless you catch a significant multiday CIT-so press the stop
10:07 stop 23
10:00 stop 23.75 -3 points above slow of move
9:57 oob sell-sold 1122 stop 25
9:52 1224 is a major quantum - now looks like opening thrust is peaking
9:42 opening with a pop up to the Sun/Pluto flux lines-at top of trading band-only possible trade is an
out of band sell - for now I'm just watching
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
6/17/2005 2:01:41 PM Mountain Al:: meanwhile, check the chart in the CCT room
and have a good weekend
6/17/2005 2:00:50 PM Mountain Al:: no bananas, just chatter MJS -and Thanks TG
6/17/2005 1:58:01 PM Mountain mjs:: Monkey Trader's rule. Da Monkey
6/17/2005 8:57:20 AM Mountain TG:: A few weeks ago I mentioned that June 1st was linked to the 3/10/00 (all time high in the Nasdaq) plus a few other significant past pivots via the spiral calendar. Nasdaq pretty much topped right at that time. June 15th has a link to the all time high (3/24/00) on the SPX. Still within that time window for a high here, should be interesting.
9:00 Eastern-System: No comments
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