Chaos Clinic Recap
Here are Al's comments
2:14 I'm done for the day - thanks for coming-screens will run until close-see you next week-take a course
2:07 this could be a "hook and go sell"
2:01 out -1
1:59 resold 1269 stop 71
1:53 out +1 -may resell
1:46 "If you can wait, and not be tired by waiting..." If, Kipling
1:32 this is a "Twentyman grinder" - a trend with stubborn congestions - need to be patient
1:24 stop 1269 - will try for 9, buy stop at 1260
1:16 stop 1270 - just above the 110 EXMA-need to be patient -the trend is down-slope of 110 slowly accelerating
1:08 down after passing the Sun at 13:00 - so looks like one way two moon day;note the 20 EXMA has been below the 110 all day
12:55 now lowering stop to 1271 - this may be a 9 point move to 1260
12:53 another continuation sell just after the Tide turn-trade still OK
12:49 trading on Sun/Neptune flux as come to their timelines; note the channel in the diagonal yellow MoonTide harmonic grid
12:44 form the high, this is a move 4 of 7 in a down Chaos clamshell
12:40 backing my stop off to 1272 - moved it too soon
12:27 the low did not hold for 165 minutes, so late rally unlikely-more likely is decline 165 minuts after 11:40
12:19 for this trade to really work, need to invert to red -Tide - I'll accept that risk
12:17 this is what I wanted - clear 110/20 action, and a close stop
12:07 stop 1271-above the 110 EXMA
12:03 notice the "curl" on the 110 EXMA
11:55 sold 69 stop 72
11:55 testing low - getting some juice now
11:45 it is important to recognize congestion and to stay out of it - wait until the dullness ends, then join the chaos
11:25 one thing I watch is the slope of the 110 EXMA - on a good move it travels 3 points per hour -right now not even 1 pph
11:15 20 EXMA and 110 both flat -stuck on 1272 quantum -trade may be a pass
11:06 looks like a head fake
11:02 possible continuation sell at trade time-waiting a bit
10:52 stock specialists have to take the other side of trades, so they need to be short shares so they can buy in a decline-
so they will try to churn the market and hold it up as long as they can today while they build a short position-
the Fed news is out, oil flow is disrupted, and war and terror threats are in the news, so specials need to be defensive
10:45 the 110 EXMA is going flat - want to stay out of congestions-note the low time about 10:10
if it holds up for 165 minutes ( 3/2 * 110 ) , look for buying to come in
10:39 back up to the 110 EXMA - may go flat at 1272 quantum, or maybe get a 20/110 buy signal-I don't expect strong rallies today
10:34 1270.5 was the balance level between quantums - it was support to move up to 1272 or more - good for scalpers, but not how we trade on our hotline
10:27 this decline is weak-did not hit the 1269 quantum exactly, nor the lower band - if I were short, I'd cover
10:15 that move did not hit the lower band, so no out of band trade is available
10:13 the low is one tick off 1269, close enough to count as a quantum hit - may hit it yet, though
10:05 if prices come back up to the 1272 quantum, they will likely go flat or try to rally -1269 is quantum support
10:01 down to Sun/Neptune flux -Sun is opposing Neptune today
9:59 congestion days will see mixed Tides - started on green +Tide-may now be inverting to red -Tide
9:52 the MoonTides are fairly flat today, suggesting a congestion day, trapped between the Moon flux lines
9:41 down to the 1272 3 point quantum - with Moon flux just below it, it may be support for a while
9:33 the high yesterday and overnight at 1277 was set by the Node- now at the Node timeline - a price to time move
9:31 opening weak-I chose to watch early and trade later - had a really good week, so be cautious of over confidence
9:16 preopen, trading near the Mars 90 degree flux line, high on Mars timeline-just emailed out a neat .pps about Mars
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
8/11/2006 1:13:56 PM Mountain DBJ:: out -2.
8/11/2006 12:44:31 PM Mountain Ben:: out -1.25
8/11/2006 12:31:22 PM Mountain Ben:: sold 68
8/11/2006 12:08:50 PM Mountain DBJ:: resold 68
8/11/2006 12:06:12 PM Mountain DBJ:: out flat
8/11/2006 11:00:56 AM Mountain DBJ:: Stop 70.
8/11/2006 9:58:35 AM Mountain DBJ:: Sold 70. Continuation and break-out of a wedge
8/11/2006 9:15:56 AM Mountain Al:: mm: you are right, they have to buy what others are selling
8/11/2006 9:15:34 AM Mountain Ben:: out -.5
8/11/2006 9:12:13 AM Mountain Al:: 3:2 is the perfect fifth from musical scale
8/11/2006 9:12:02 AM Mountain mm:: Al, if the specialists have to take the other side, don't they need sharews to buy - and not sell - in a declining market?
8/11/2006 9:08:35 AM Mountain Ben:: sold 71
8/11/2006 8:58:07 AM Mountain Ben:: Al, why did you use 3/2 and 110 in your calculations of the amount of time from the lows at 10:10?
9:00 Eastern-System: No comments
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