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Chaos Clinic Recap

Here are Al's comments
3:32 out for +1.
I'm done. Thanks for coming. See you next week. Take a course.
3:29 passed the Moon/Mercury point-looks like it was holding up the parade
3:14 here I figure if this trade fails, I'm still ahead for the day. If it works, it could be a good one
3:10 resold 940 stop 943
3:07 stopped for -3
3:00 elected short 937.5, putting stop at 940.5, one tick above last minor high
3:00 putting sell stop at 937.5
2:54 rally was stopped by the 110 EXMA, so may get a continuation sell signal
2:50 stopped out for +2. I will now watch a bit to see if I should resell
2:26 here I'm watching my 3 minute candles, looking to see 3 to 5 bullish ones, followed by bearish ones
2:34 stop to 940, just above the 55 minute EXMA, locking 2 points
2:30 ABC ZigZag target says if leg C = leg A, could reach 946-22 = 924 . We shall see
2:22 stop 941. I think the energy for this move is cominbg from the Moon opposing Saturn, so may see a rebound
near 3:30
2:17 stop 942 - break even
2:12 stop 943 - control my loss, since that is all I can control
2:07 stop 944.5
2:04 now others see what I saw. Fractal of Pi suggests could drop to 928
1:57 looking better. This trade qualifies for the GO BIG rule, so I may use that option
1:56 stop holding-one has to accept the risk and be patient
1:50 stuck in the mud. Holding
1:40 stop to 946
1:38 hung around for a bit but now starting to move
1:22 sold 942 stop 948. Held up until passing the Sun squaring Saturn timelines.
1:19 now I'd like to see 942 broken
1:12 a bit more juice there-possible sell setting up
1:08 I'm in the window for the second trade, but volatility is nil. I'm waiting for some juice
1:05 I have placed a Fractal of Pi cahrt in the CCT room
12:57 I have placed a Face of God chart in the Certified Chaos Trader's Room. It is open
to all who have taken my 4 main courses - see the Catalog page at for info
12:42 price would need to get above the recovery high of 947 to get a rally moving
12:40 looking a bit more positive. Jude 3 rebought after covering first long for -2
12:21 I'm back. See that we are still congesting. Looking flat to bearish to me.
11:14 the next trade time is 13:22. I'm going to take a break for an hour. I had a long day yesterday doing tech support.
11:00 interesting, Jude3 bought-see the AUX page
10:50 the low came on the Mars timeline. In the night sky the Mars/Venus conjunction is awesome-two very bright
objects you just can't miss. Go out and look above tonight. You see the effect today here below.
10:48 on the MTRainbow chart the white 440 EXMA is going flat-it's telling me the rest of the day could be much less volatile
10:44 also on the Clinic chart, late in the day the yellow MoonT+00 flux crosses the magenta Mercury (M) flux
as Mercury opposes the Moon. The Mercury/Moon cycle is the 40 day cycle recorded in the Bible
10:40 on the Chaos Clinic chart, we see the low was set by Mars and Node, as Mars squares the Node
Hig set by Jup,Nep,Chi as Moon squares them-not accidental, just Marekt Astrophysics in action
10:31 The range is 24 points-very high for this time of day. Gann's squaring of price and time says it takes
a time period equal to the range for the move to be digested. Of course there is a scale factor involved
For intraday S&P trading the scale is usually 3:1, so a 24 point move may have an 8 hour congestion
Another common scaling is 15:1, so 25/15= 1.6 hours -tither way, we have time to wait
10:22 on the AUX page I am running my Jude3 autotrader-it has not traded yet because for it's algorithm
testing shows skipping the early trading made more money
10:19 these early moves can be good to trade, but overall the first 90 minutes of outcry trading
is less profitable and more difficult to trade because of the whipsaws
10:00 this drop should turn all the EXMA's on the MTRainbow chart down
Looking back, I see I could have gotten 9 , but no regrets-trading and typing Clinic comments is very hard to do
10:04 That's the early news - apparently there was a lot of "Sell the News" going on. Now things need to settle a bit
9:50 I only went for +5 because on the MT Rainbow chart support from the white 440 EXMA is near 942
I pressed my entry because I could see the 110 EXMA solidly curling over with a vertical drop through it
Also, on the MTRAinbow chart the bars turned red
9:49 out +5
9:48 stop 948
9:46 stop 952, will take 5 if get it
9:44 getting a sell setup-sold 949
9:40 also on that chart, you see that Jupiter, Neptune,Chiron electric field flux cluster set the high
and the Moon +T00 flux has "captured" price
9:37 On the Chaos Clinc chart prices look to be on the green +Tide
9:36 pulling back to the 110
9:27 Opening gap up from jobs report - far from the 110 EXMA, so 9:31 trade is not a good setup right now
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

6/5/2009 12:41:13 PM MT Al****:: at pre-outcry top-this is why I use my special 8 hour charts
6/5/2009 12:31:45 PM MT TG****:: Dr. Al, would you start today's down fractal grid right near the start of the outcry session or at the preoutcry top.
6/5/2009 12:14:55 PM MT Al****:: not today - buying off the early low melted after about 3 hours
6/5/2009 12:06:16 PM MT TG****:: Hi Dr. Al, don't we more than likely need to see a new low by 2:30 or so if it's going to finish weak.
6/5/2009 7:26:48 AM MT UNI:: GM All
6/5/2009 7:25:59 AM MT Al****:: GM all-good luck today
6/5/2009 7:25:46 AM MT GFF:: Good monrning.
6/5/2009 3:55:59 AM MT mm****:: gm all - have a great day

9:00 Eastern-System: No comments

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