Chaos Clinic Recap
Here are Al's comments
3:15 I'm done for the day. Thanks for coming. See you next week. Take a course.
3:13 additionally, this rally had to be on the green +Tide, and it turns down before the close.
3:12 profits have been hard to get this week, so taking it while you got it is not a bad idea
3:10 my exit is based on a glance at the SPsunMoonMer chart-saw rally started on M315 timeline, and
went to M315 price line, a time to price move
3:08 taking +4 here; can rebuy
3:05 stop to 37
3:04 stop to 36
3:01 stop 35
2:57 updated my FOG chart in CCT room
2:52 stop to 35
2:46 stop to 34.5, break even
2:43 stop to 1133.5 ; up to the Moon +T045 flux
2:39 Crazy Harry heard a knock at the door, seeing his girl at 1134
2:38 Fractal grid is a great tool in narrow range markets
2:30 posted a Fractal Grid chart in CCT Room. Fractal Grid is from the Chaos Trading Made Easy course.
2:22 better hide under this seat, before Crazy Harry punches my ticket
2:15 stop to 32.5
2:07 taking continuation buy 34.5 stop 31.5
1:56 Crazy Harry is the conductor of the S&P train. He likes to park the train at a station while he sees a girl.
Sometimes he has to leave in a hurry if her husband comes home.
Hobos like to jump on the train while it is in the station.
Crazy Harry tries to catch them by faking that he's leaving the station.
Then he storps the train and catches them. The secret is to not jump on the train
before it really leaves the station.
1:55 Chaos follows boredom.
1:40 updated my FOG chart in the CCT room
1:36 3 hour range a measly 2.25 points; a volatility pinch
1:30 the major outer planet pattern is the big Tsquare of Pluto, Saturn, and Uranus-trading near their flux lines now
as we are passing their timelines
1:26 still no volatility-same price as 3 hours ago
1:15 putting a sell stop at 1131.5, under the last swing low
1:12 we could get a popup to the Moon +T045 flux near 1135.5
1:10 not anxious to sell until we get some volatility
1:06 I can put a protective buy stop at 1135.5 if I sell
1:03 coming into the second treade widow; volatility is low; upside looks limited
12:56 modest buying, any new highs may be marginal
12:46 This is a "pop up and distribute" pattern seen on many Fridays. Prices will hold up until the big positions get distributed.
12:32 Trading is between the Moon -T225 flux and the Venus +270 flux. Venus is most interesting in that it is
our nearest neighbor beyond the Moon. It perturbs satelites enough that they need special jets to counteract its pull.
12:23 this is the point in time where a second wave of buying should show up; it may not be very strong
12:20 it's gotten very quite as I expected
11:45 updated FOP chart in CCT Room
11:42 posted Face of God chart in CCT Room
11:25 near end of my fractal
10:41 the next two hours are probably dull, so I may not make many comments until near next trade
10:35 got the streak on theMoon timeline, now price sitting square Venus
10:28 OK, 3 points was there. But I never regret a profit
10:25 taking +2.25; don't like the stall under the Moon -T225 flux
10:17 stop to 1131
10:11 stop to 1129; cover is 1133
10:10 updated my chart in the CCT Room
10:06 stop to 1127
10:00 coning to Moon T270 vertical yellow timeline-watch for streak on it
9:55 late in fractal, so not looking for much - will take 3 pts if get there
9:50 bought 1130 stop 1125 on continuation buy
9:43 getting a dip - watching to see if it gives a continuation buy setup
9:40 I have placed a Fractal of Pi chart in the CCT Room-open to all who have taken my 4 main cources
9:37 the MTRainbow chart shows the trend is up, but extended, price being well above the white 440 EXMA.
9:28 Trade times today are 09:59 and 13:34. The move up from yesterday suggests the first one may not be viable.
9:19 pre outcry rally to price square the sun- see SPSunMoonMer chart
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
3/5/2010 1:55:11 PM MT TG****:: took 4 too, have a good weekend.
3/5/2010 1:17:18 PM MT Al****:: Thanks TG. Glad you got in on it.
3/5/2010 12:45:43 PM MT TG****:: Dr. Al, you had all the tools going in the Chaos chat room today. A hint of an M pattern right on the tide time and key spot in fractal grid. Bought 33.75. As ugly as the lack of new significant highs was, there was no sign of a down move either with the 54 minute price channel in tact all day.
3/5/2010 8:40:16 AM MT EOE:: came a little late to the party this morning. missed that run up
3/5/2010 7:28:52 AM MT EOE:: GM everyone.
3/5/2010 7:18:20 AM MT Al****:: GM all-good luck today
3/5/2010 6:17:09 AM MT mm****:: gm all - have a great day
9:00 Eastern-System: No comments
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