Chaos Clinic Recap
Here are Al's comments
3:19 I'm done for the day-thanks for coming-see you next week
3:15 does not look like 9 points is there-watch for a rally into the close as shorts cover on the higher low
3:11 so there was more-that is OK-I just want a few fish, not all the fish in the sea - but I want the fish consistantly
3:09 9 point trades are rare-got several this week-so don't want to pass up a nice 5 pointer looking for one more
3:08 out +5.25
3:05 stop 70 -almost covered
2:59 stop 1270.5 - 9 point cover is 1264 if get there
2:54 stop 1271
2:53 stop 1272
2:46 stop 1272.5
2:42 just have to wait now-traders get paid to wait for good setups
2:34 stop 73.5 - this one may work out
2:30 the rally ended with a "three drives to a top" pattern - expect some selling
2:16 I'm taking this again as an out of band sell setup - sold 73 stop 76
2:09 hex pattern recognizer found hex set by Node, Satrun, Mercury, Sun - midpoint of side is near 15:15 today
that is a potential point of instability
2:01 form 12:00 to the last high I see 7 moves in 110 minutes : 15.71 minutes each -very hard to react to on a screen
1:55 the bulls have made a good statement here-but I think the bears are not done yet-looks like on red -Tide
1:51 coming to the Uranus timeline while hitting the Uranus flux
1:44 out for 0 - too choppy
1:33 stop 75 - I resold when this test of the high fell back below the prior high
1:31 resold 73 stop 76
1:20 out -3 -let it go and wait for the next trade setup
on a day like today, if you trade, you have to be prepared to lose a full 3 points and not get emotional about it
it is just part of the business of trading
11:07 passing Sun/Mercury timelines below the Mercury/Sun price lines-so under a Strange Attracror, turning repellor
1:01 sold 69 stop 72
12:58 This is an out of band sell setup going into the Tide turn-I already got a bit, so I will be
extra careful
12:53 the move was stopped by a pair of Venus/Mars lines not shown on this chart
12:50 right at that crossing level are the Mercury/Sun flux lines
12:48 note this move was right through the crossing in the yellow diagonal MoonTide harmonic grid
also, it was anticipated on the Certified Chaos Trader chart that I posted
12:47 out +1.5 -very late getting in
12:45 stop 1270-may be spiking
12:44 bought 1270 stop 67
12:42 hit the upper band, so possible oob sell setting up on next trade time
12:38 got a 20/110 buy at 12:30 - now testing highs -doing nothing
12:27 as pass the Moon and Neptune timelines, back to the price of first low on Venus/Mars
12:16 that fractal had 7 moves in 150 minutes - 21.42 minutes each - very high freqency
12:13 the last low was the move 7 down from the early high
12:11 I have posted a very interesting chart in the Certified Chaos Trader's room
11:53 the Moon (emotion) is conjoin Neptune (illusion) - sure fits what we are seeing
11:48 do not look at a chart and think you coulda, woulda, shoulda make (high -low) bucks ; that is insane
think of the moves as fish in the sea - just look to catch a few, not all of them
11:43 this is a market working very hard to find a bottom -XTide2Plus is forecasting up next week
11:36 a screen trader has to be very careful on a day like this, to stay above the market
11:28 that bounce came off the Pluto/Moon flux at 1259 - one of the hotline email prices
11:21 now an 8 point bounce in less than 12 minutes - not a good screen trading climate
11:17 if I had been counting the moves off the high, I might have be looking for it-this is move 5 of 7 down
11:15 Wow! another continuation sell, but not one we were looking for
10:58 not much to do now except be patient and wait for a good trade setup
10:43 if you look at the Wheel of Fortune, you will see that the low was set by Venus squaring Mars and the B Moon cycle
10:34 that was a 4 point bounce in 12 minutes -that type of white water makes it tough for screen traders-the pit loves it
10:30 I saw that we hit the Venus flux line at the Venus timeline and turned, so I got out
10:29 aborting -.25 -do not like the bounce off the lower band
10:21 stop 67.5-trailing by 3 - note vertical streak in Venus timeline
10:20 elected short stop 68.25 -looks like on red -Tide
10:17 putting sell stop 65.25
10:13 this is the kind of environment the floor traders and stock specialists thrive in-screen traders don't
the moves are just too small and fast - so wait for better trading weather
10:08 another bear raid-needs to break lows to get me interested
10:05 note the highs on the Neptune flux - Moon conjoin Neptune has made it hot-timeline at 12:30
10:02 struck in flux bundle-Saturn, Chiron, Jupiter, Neptune, Moon
10:00 looks to me like someone grinding their teeth
9:55 early high 1271 -needs to be broken to get me excited about buying - been a good week - I'm content to wait
9:52 this zone between the Moon +T270 and -T180 electric field flux lines is a balance zone; congestion area
9:51 not going down, so flat or up
9:47 1266 is a support from Uranus +225 flux -not shown on this chart but strong yesterday
9:42 coming into the green +Tide low- want to see how we come out of it
9:36 initial selling - lots of support below so just watching
9:22 I expect today to see another attempt to start a rally, with a late pullback
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
5/19/2006 1:20:49 PM Mountain Ben:: out +6
5/19/2006 1:15:20 PM Mountain Ben:: stop 67.5
5/19/2006 12:54:40 PM Mountain Ben:: stop 72
5/19/2006 12:35:08 PM Mountain Ben:: sold 72.5
5/19/2006 11:38:34 AM Mountain Ben:: So much for 1277 - move 7 up looks to be over
5/19/2006 11:26:59 AM Mountain Ben:: 1277 here we come
5/19/2006 11:25:53 AM Mountain Ben:: move 7 under way - missed the continuation buy
5/19/2006 11:04:38 AM Mountain Ben:: By my count we just completed 5 up from the lows. After this pullback we should get move 7 up.
5/19/2006 10:59:16 AM Mountain Ben:: out +4
5/19/2006 10:37:40 AM Mountain Ben:: bought 66.5
5/19/2006 10:28:54 AM Mountain Ben:: In addition to completing 7 moves down from this morning, the move 7 low was a higher low - looks like a short term bottom was made at 58.25
5/19/2006 8:47:54 AM Mountain Balanced:: Gap and back. Nice movement.
9:00 Eastern-System: No comments
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