Chaos Clinic Recap
Here are Al's comments
2:59 I'm done for the day-screens will run to close-thanks for coming-see you next week_____
2:57 I also doodle on a 1 hour chart-My latest is on the AUX screen-________________________
2:53 by trading rules, I could still be holding-but I've learned to kill weak trades________
2:51 On afternoon trades watch 2:30 point-if minor high, weak into close, & visa-versa______
2:47 I'm aborting 850 - the trade has stalled ______________________________________________
2:44 looking OK-110 EXMA is up, 20 EXMA still up ___________________________________________
2:41 has to rally soon or die_______________________________________________________________
2:28 my cover is 855 if we get there________________________________________________________
2:24 getting fast move so raising stop to 849, using 20 EXMA as guide_______________________
2:19 if rally, 854 Mer/Moon/Jup likely - ___________________________________________________
2:16 bought 850 stop 847_-continuation buy___________________________________________________
2:13 this rally has to punch through or die________________________________________________
2:08 We could also see a switch to the red Tide and a rally, so wait for clear indication _
2:07 Image a fireball in the cup (cone ) if a volcano-it break here, can fall fast_________
2:00 setting up a possible 20/110 sell______________________________________________________
1:52 rally stalling at Chiron and double white line (stronger) on harmonic grid_____________
1:42 rally looking good. Green +MoonTide doing well today___________________________________
1:34 now getting the after lunch rally attempt -Watch Chiron flux for resistance_____________
1:23 this rally is along the white diagonal gridline of the S&P Harmonic Grid-slower than AM_
1:06 watch for a "Chaos Cup to form here on top of the rally-decline volcano_________________
12:46 now it's lunch time and the Tides are flat-I expect some churn here____________________
12:19 one thing that helped me cover was the comment in the chat room by kwb that the rally__
was 18 points off the low-a normal 90 degree move-shows the value of multiple minds-thanks kwb_
12:03 coming to next Tide turn, covering 847.50 for +10.5__________________________________
11:59 stop 845-____________________________________________________________________________
11:52 stop 844.50___________________________________________________________________________
11:45 my cover point is +12, or 849 _-stop 843______________________________________________
11:42 Love it when I catch the Tide-stop 841_______________________________________________
11:34 that dark red diagonal line on the Clinic chart is my proprietary Angel of God cycle_
11:32 got the breakout-move stop to 839__________________________________________________
11:24 so far green +Tide has been good-now needs to continue rally above Sun/Node/Ura____
11:12 stop 838-sometimes if you get nicked out you have to retry_________________________
11:06 raise stop on this one to 836 ____________________________________________________
11:02 I pressed my stop too hard on my first trade-here is the +4 -judgement call________
10:59 bought 837 stop 834 _____________________________________________________________
10:57 836 Mer/Jup was support , now resistance -rebuy if broken -buy 837 stop__________
10:55 stopped 834 for 0 - exciting anyway-now stuck on +M000 Moon electric flux________
10:50 stop 834 ________________________________________________________________________
10:46 whoops, my cover point is 838, +4 from entry unless we get a fast rally__________
10:40 stop 833 -out of band trades have greater risk_____________________________________
10:36 buy 834 stop 832 cover 840_________________________________________________________
10:30 this is now an out of band setup, buy a break of the 20 EXMA for a rebound________
10:27 you can see the power of the Moon-I missed that one,but bkw in chat room got it nicely_
10:24 that kind of a move is hard to trade -often is a trade going into Tide turn & coming out_
10:21 so far Tides are mixed, but now look to be on green +Tide-wait for clarity____________
10:16 rally failed, may setup a sell, or stay flat-waiting for Tide turn_____________________
10:04 breaking out to the upside,going into the Moon and the quarter Tide turn__________________________
9:54 back up to Sun line-see how strong these electric field flux lines are? real, physical___
9:46 bounced off Jupiter/Mer, which formed yesterday's support-EXMA's are FLAT-no trade _____
9:31 opening on Ura/Sun flux, near -M270 Moon electric field flux, which acts as attractor____
9:20 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
2/21/2003 02:05:37 PM Mountain ml:: Monday it would hit 844 first then rally
2/21/2003 02:02:59 PM Mountain ml:: I think we would hit 860
2/21/2003 02:01:53 PM Mountain ml:: stop out
2/21/2003 02:00:39 PM Mountain bkw:: stopped out plus 2.
2/21/2003 01:57:14 PM Mountain bkw:: ML-max top is 869-it may have died today not getting over 853.
2/21/2003 01:55:12 PM Mountain ml:: I thonk market may rally next week
2/21/2003 01:44:35 PM Mountain ml:: target 845 to cover
2/21/2003 01:43:30 PM Mountain bkw:: stop 848-how sweet it is!
2/21/2003 01:43:01 PM Mountain ml:: resold 847
2/21/2003 01:38:55 PM Mountain bkw:: stop 849-you are right WLJ
2/21/2003 01:37:06 PM Mountain wlj:: 10 min sp h/s on top of what may be a larger h/s forming
2/21/2003 01:33:01 PM Mountain bkw:: stop 850
2/21/2003 01:24:31 PM Mountain ml:: cover short 849.5; +2
2/21/2003 01:06:17 PM Mountain bkw:: KWB-the rally did not take out 853 previous support now resistance unless it can-we go down very hard!
2/21/2003 01:00:13 PM Mountain wlj:: from a.m. low the 852 hi was a 4 hour [1/6] rally.
2/21/2003 12:58:04 PM Mountain kwb:: option exp. today. not to say nothing can happen and now that i've mentioned it something probably will, but 850's a nice round number on spu's, 8023 on dow
2/21/2003 12:35:34 PM Mountain wlj:: from 848 hi pull back 3 [1/2 of 6] to 845. so far up 6 from 845
2/21/2003 12:34:44 PM Mountain aaa:: Thanks ML.
2/21/2003 12:31:06 PM Mountain kwb:: 853 high from 2/18
2/21/2003 12:30:05 PM Mountain ml:: sold 851.25
2/21/2003 12:29:12 PM Mountain pl100:: I asked cause you sent out also a ndx forecast, thx for answer
2/21/2003 12:27:28 PM Mountain Al:: I only do the S&P
2/21/2003 12:24:27 PM Mountain pl100:: Al, any brief explanation why spx followed so close the forecast, ndx off the track (maybe going to get closer??)
would you recommend trading spx or ndx for subscribers?
2/21/2003 12:24:05 PM Mountain ml:: It looks toppy. Ending diagonal and double top
2/21/2003 12:21:35 PM Mountain bkw:: Lets try it again sold 850 stop 853.
2/21/2003 12:20:29 PM Mountain ml:: Could be this March. Go look at Weekly chart. Draw a line connecting low 4/6/2001 and 9/21/2001, which hits 800 on 3/17-3/21/03. This line also is parallel with the line of high 5/25/01 and 1/11/02
2/21/2003 12:13:32 PM Mountain Al:: OK
2/21/2003 12:11:28 PM Mountain ml:: Al: I do not do Nsdaq any more. I just do SP future only
2/21/2003 12:09:36 PM Mountain aaa:: Thanks to all for response. ML: your 800 target is it this year?
2/21/2003 12:09:06 PM Mountain bkw:: stop 849!
2/21/2003 12:07:14 PM Mountain Al:: aaa: I don't do nasdaq- ml does it
2/21/2003 12:07:07 PM Mountain ml:: My NAsdaq target 800
2/21/2003 12:03:18 PM Mountain bkw:: stop 850.I agree with ML- 3 digits on nazquack-the walking dead.
2/21/2003 11:58:33 AM Mountain ml:: AAA: I think NAsdaq could hit 3 digits
2/21/2003 11:48:09 AM Mountain aaa:: Al, what's your outlook - target - for Nasdaq short and intermidiate term?
2/21/2003 11:45:54 AM Mountain ml:: out 849.5; +3.5
2/21/2003 11:39:54 AM Mountain bkw:: sold 849 stop 852
2/21/2003 11:06:41 AM Mountain gs:: What are the odds we have a 2PM low and rally into the close?
2/21/2003 11:01:37 AM Mountain ml:: stop 843.75
2/21/2003 10:56:42 AM Mountain ml:: bought 846
2/21/2003 10:53:18 AM Mountain bkw:: out plus 1 and change.
2/21/2003 10:48:50 AM Mountain mm:: 848.50 is a resistance level, which was a perfect BINGO at 12:02
2/21/2003 10:43:15 AM Mountain Al:: thanks-there are too many things for one person to watch all the time-and sometimes it is just one more input that helps -it's
us against them
2/21/2003 10:36:03 AM Mountain kwb:: Al, nice trade, just mentioned something that you always talk about in the chat and elsewhere. Sometimes watching all the things you have going on, you lose track of the things that you have shown to work pretty consistently. Glad I could help.
2/21/2003 10:30:04 AM Mountain bkw:: stop 846
2/21/2003 10:26:41 AM Mountain bkw:: stop 847
2/21/2003 10:26:04 AM Mountain Al:: like those numbers, wlj? they work-course, you know that
2/21/2003 10:22:49 AM Mountain wlj:: als 18 point between same planet flux lines[ 3x6=18]. yesterday afternoon triple low at 836 to first hour hi this a.m.at 842 was +6. decline from 842 to 830 = 12, 2x6. rally up from 830 sp1 day chart buy signal to 848 = 18pts 3x6.
2/21/2003 10:19:12 AM Mountain bkw:: sold 847 stop 850
2/21/2003 10:10:32 AM Mountain Al:: rbh: Angel of God is a diagonal line, so makes channels, not support/resistance-note where it crossed 840, we got the break of the resistance
2/21/2003 10:01:36 AM Mountain bkw:: ML-I just sold my calls and am starting to load puts here-one more push up into the 850's it's over-I thought tuesday now I think today or Monday am.
2/21/2003 09:49:14 AM Mountain kwb:: 18 pts off low
2/21/2003 09:45:21 AM Mountain rbh:: Al, is the angel of God line the line of resistance? What does it mean?
2/21/2003 09:41:08 AM Mountain bkw:: ML-I think we top tuesday-wednesday and head down hard.
2/21/2003 09:39:18 AM Mountain wlj:: looks like 5 up from a.m. low
2/21/2003 09:35:25 AM Mountain ml:: I bet the market would reverse from 844 ( double top), then retest low and bounce off 830-835
2/21/2003 09:26:18 AM Mountain ml:: BKW: I think next high would be close to Full moon on 2,March +/- 3 days. Time is more important than the price.
2/21/2003 09:22:38 AM Mountain ml:: I fould the market is tough when different time frames show different wave count.
2/21/2003 09:21:47 AM Mountain bkw:: ML-as usual you and I are in agreement-I just thin 850 plus or minus 5 will be it-at the top I'l be shorting with both hands.
2/21/2003 09:20:32 AM Mountain Al:: yes gs, it is, even to me after many years of watching it
2/21/2003 09:18:56 AM Mountain ml:: BKW: Look at 60 Min chart, the rally looks like impulsive and the recent down looks like corrective ( wave 4). So it may have another lift to go at least to 853 of high at 2/18. Then look at Daily chart, this recent rally looks like corrective and it should have ABC, and recent down is B wave so the C wave may complete at 860
2/21/2003 09:18:09 AM Mountain wlj:: todays a.m. low was a test of a.m. hi on the 14th which was the first wave up from low on the 13th. maybe a 3 or 5 wave up now?
2/21/2003 09:15:04 AM Mountain gs:: amazing stuff........AL
2/21/2003 09:12:46 AM Mountain ml:: 844 and 835 is the key. if market close above 844 today, the rally could sustain, other wise if close below 835 we may see 800retest the low 8/13
2/21/2003 09:09:02 AM Mountain bkw:: ML-it could although I don't see it that high-either way after the bounce under 800 we go!
2/21/2003 09:08:01 AM Mountain bkw:: A refinery just blew sky high on Staten Island!
2/21/2003 09:03:48 AM Mountain ml:: It loos like the market could rally to 860 by next week
2/21/2003 09:00:30 AM Mountain bkw:: out minus 1.
2/21/2003 08:59:32 AM Mountain bkw:: KWB- we are overdue for a bounce-to 845-50ish!
2/21/2003 08:52:41 AM Mountain kwb:: Shouldn't 836 be a big resistance point now? market held there for days-Mer-Jup-Moon lines?
2/21/2003 08:51:51 AM Mountain bkw:: stop 834
2/21/2003 08:45:45 AM Mountain bkw:: bought 835 stop 832
2/21/2003 08:40:26 AM Mountain dkc:: pivot on SPH today is842.10 and could not stay above that level very long so weak... below here L1 is 832.40 below there L2 826.00 I have targets 830.70 830 so if does not bounce at those levels i'd look for L2 to be seen
2/21/2003 08:35:25 AM Mountain bkw:: out plus 7-mo beddah!
2/21/2003 08:33:18 AM Mountain wlj:: when you open that moon door some times that first step is a big one
2/21/2003 08:33:09 AM Mountain bkw:: stop 834
2/21/2003 08:31:59 AM Mountain bkw:: stop 835
2/21/2003 08:30:59 AM Mountain bkw:: stop 836-thnx KWB
2/21/2003 08:27:32 AM Mountain kwb:: nice sale bkw
2/21/2003 08:26:57 AM Mountain bkw:: stop 837
2/21/2003 08:26:45 AM Mountain kwb:: emini feb 840 puts (which expire today)just went from offered at 275 to bid 475.
2/21/2003 08:23:07 AM Mountain bkw:: stop 839
2/21/2003 08:22:10 AM Mountain bkw:: stop 840
2/21/2003 08:21:50 AM Mountain kwb:: Good morning all,
Do you think we turned early, or did we go from red to green at the crossover point?
2/21/2003 08:18:54 AM Mountain bkw:: stop 841
2/21/2003 08:14:39 AM Mountain bkw:: lets try it again sold 841 stop 844
2/21/2003 08:12:18 AM Mountain mm:: Today's pivot is at 842.10
2/21/2003 08:07:44 AM Mountain bkw:: stopped minus 3.
2/21/2003 07:41:10 AM Mountain bkw:: sold 838 stop 841
2/21/2003 07:27:47 AM Mountain Oyster:: Good Morning Al......my stuff indicates it will be a down path....sure looks like cycles are giving some potential ugliness from here well into March....daily cycle tops here?
9:00 Eastern-System: No comments
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