Yes You Can... Cash In On Chaos!

Chaos Clinic Recap

Here are Al's comments
3:41 I'm done for the day-thanks for coming-see you next week-take a coruse
3:40 stopped for -.75
3:38 Good Bye Kiss to Moon +T000 flux
3:32 stop to 44.75
3:22 stop to 45.25 -I have a Fractal Grid saying hold to close
3:20 stop to 46
3:16 maybe we go now- down to Moon T+00 flux
3:12 this is really an exercise in patience-watching paint dry is a lot more fun :)
3:05 still hanging fire-now this is a day pattern that many position traders will sell late in the day
2:51 have Moon T270 timeline in last hour-maybe it will add some Moon Juice
2:47 stop to 46.5, last high= Node + 45
2:44 elected short at 44
2:41 will it go, or not ?
2:37 stuck on Neptune/Chiron-translates to "illusion of high energy" :)
2:30 putting sell stop at 44
2:26 putting buy stop at 47.5
2:20 watching patiently
2:05 I'm not really interested in buying, because the uptrend is weak
2:01 nothing there
1:55 ready to sell but waiting a bit
1:42 looking weak; but for any sell I want to see a drop below the 440, and some juice
1:35 from the high we have 4 moves of 7 in a down Chaos Clamshell. Be alert for a move 5 down
1:31 patience is required for trading. Long congestions like this are followed by chaotic moves,
which are worth wating for.
1:27 second wave of buying looks weak
1:20 this is a typical Friday "hold it up and let the big guys get out" pattern
1:15 updated FOG chart in CCT Room
1:11 out -1; no go
1:07 market has held up 2 1/2 to 3 hours now, which encourages buying. Will it amount to anything?
1:04 this is pretty boring ; nothing to do but wait
12:56 still stuck on the 440; pattern is thrust, congest, thrust
12:47 on the MTRainbow chart the 110 EXMA is down, approaching a cross of the 440
12:45 not much juice yet
12:36 updated my FOG chart in CCT Room
12:33 sold 1144 stop 1147
12:32 placed a Face of God chart in the CCT Room
12:25 aborted for -1
12:20 2 1/2 to 3 hours after a high like today, usually get a second wave of selling
12:14 still treading water
11:53 reselling at 44.5 stop 48
11:43 next trade time is 1:07 - comments may be sparse until we get close
11:42 updated that chart
11:28 I have now placed a Fractal of Pi chart in the Certified Chaos Trader (CCT) Room.
11:21 stopped for +1 ; held too long, but can always resell
11:05 I have placed a research chart in the Certified Chaos Trader's Room-open to all who have taken my 4 main courses
See -> Courses for more intormation
11:00 from the high I make this to be move 4 in a down Chaos Clamshell, suggesting about half done
10:54 stop to 1146-trying to wait through this congestion
10:49 here I like that the rally stayed under the 110 EXMA
10:44 stalled on the 440 EXMA
10:30 moving my stop back to 46.5; above the 110
10:20 trying 9 points - target 1138; stop to 1145
10:15 range now 9, 1/2 way there
10:11 the range may be 18 points, 1/4 the wheel of 72. 1152 - 18 = 1134
10:08 stop to 47
10:04 this may turn into a rout-it may test yesterday's low
10:02 stop to 1149.25
9:57 so far,so good
9:38 sold 1147 stop 1150
9:33 early sellers - broke 110 EXMA-waiting a bit
9:29 right near the first trade time we have the Moon T0 timeline, and the Consumert sentiment report at 9:55
9:13 on SPSunMoonMer chart, Moon set high, now on Mer/Sun conjunct
9:10 Today have 3 trades: 09:43 13:07 14:22; right now too far from 110 EXMA for any setup
9:04 early high at 1152 as per last night's email; move is 9+ points above 440 EXMA-very extended
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

3/12/2010 1:32:54 PM MT EOE:: Second time today we've run down to the pivot and bounced back.
3/12/2010 12:25:50 PM MT TG****:: Yup
3/12/2010 12:23:39 PM MT EOE:: Sort of like watching paint dry! Chaos follows dullness! Boy is this dull.
3/12/2010 12:22:26 PM MT TG****:: Nearly 3 hours since the last high.
3/12/2010 12:11:30 PM MT TG****:: Ok, thanks, I figured it was something like that.
3/12/2010 12:09:16 PM MT Al****:: TG -it's a change in slope; my software takes the MoonTide forecast and detrends it, then picks the highs and lows. That process makes a change in slope sometimes a high or low.
3/12/2010 11:57:18 AM MT TG****:: Dr. Al, I'm very confused on how there is a 2:24 tide time in the moontide forecast. If you don't have time to answer that one today, no problem.
3/12/2010 11:07:18 AM MT Al****:: DP, yes; TG - I agree
3/12/2010 10:56:16 AM MT TG****:: Al, also, if you get a chance, at one point is it too long from last low without making a new one. We're past 2 1/2 hrs from the last low and market still holding up.
3/12/2010 10:36:03 AM MT DP****:: Al, does the FOG negate the earler MoonTide Rainbow forecast?
3/12/2010 9:23:04 AM MT EOE:: Trailing stop took me out. Now just waiting for the 2nd trade time.
3/12/2010 8:58:36 AM MT EOE:: Good job. Bank the points. I got a little greedy. still short. seems we're bouncing between the pivot and yesterday's close.
3/12/2010 8:48:22 AM MT mm****:: EOE - I also follow the pit's S/R levels closely - took my profit at the 42.25 pivot - can always resell
3/12/2010 8:25:54 AM MT EOE:: Got a little bounce up off the pivot
3/12/2010 7:29:28 AM MT EOE:: GM everyone. It's a beautiful day!
3/12/2010 6:56:44 AM MT Al****:: GM all -good luck today
3/12/2010 5:42:24 AM MT mm****:: gm all - have a great day

9:00 Eastern-System: No comments

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