Chaos Clinic Recap
Here are Al's comments
3:14 918 Summer solstice close. QED.
2:58 looks like hold up, but not much upside potential-done for the day-see you next week-take a course
2:50 aborted -1; not going
2:25 stop to 914.25 ; 914 was support, now resistance
2:22 in 3rd trade window, so sold 912 stop 915
2:11 stopped for -2.5
2:05 treading water-after 14:30 should see some short covering
1:54 still OK; an extra thing I know is that going into an equinox prices tend to close on the 90 angles
of the Wheel of 72. Today that means 918 or remotely possible 936
1:37 moving on the red -Tide. Started the day on green +Tide, so could end on it in what I call a
green-red-green day
1:33 I'm going to press a bit and buy at 916, stop 913.5
1:32 now we have a little triple bottom at 914 - bullish
1:27 there is normally a mid day lull as pit traders take a lunch break. After they come back they figure out their
end of week strategy. Today they see a rally off Wednesday's low, a market that went higher today, and is still holding
up, so I don't think they want to go home short
1:20 that drop only went half way into yesterday's congestion zone, so day to day support is a bit stronger
1:16 trying to turn up - needs to regain to about 918 to return to flat
1:09 had I sold at 917, my gain would only be about 2 points - slim pickings today, to quote regular TG
1:00 trading on the Saturn Flux line at solar Noon; updated a Face of God chart in the CCT room
12:51 on my one hour SPY chart, the drop retraced 50% of the rally form Wednesdays low-often a key support event
12:42 the range has now expanded to a harmonic 9 points, 45 degrees on the Wheel of 72
12:32 In hindsight I could have sold that about 917 going into the Tide time. But I did not, so I will wait until after the Tide time of 13:10
12:25 on the MTRainbow chart, this move took prices below the 440 EXMA - so the trend of the day is flat
12:20 this is a marginal new low-here I watch to see if prices recover above the earlier low
if they do, it is bullish
12:16 streak down the Saturn timeline-looks like tracking red -Tide
12:04 Today's range is only 5.25 points - very low
We often get low ranges going into the equinoxes and solstices.
11:54 I'm looking for this sldie to end at the 12:11 Natural Time point. There is a link on the ListOfCharts page
on the right side explaining Natural Time points
11:46 looking ahead at the MoonTides, I think we end the day on the green +Tide with a late rally
11:40 next trade time is 13:10. Right now prices are in a congestion, trading both sides of the 110 EXMA=stay out
11:27 Jude 4 aborted too, for -.5 ; I have changed the one day Chaos Clinic chart back to the Wheel of 72 scaling
I changed to the Wheel of 360 scaling last October when we were seeing 45 + point daily ranges. Now we've returned to
ranges that are 9 to 20 points, where the wheel of 72 scaling has worked for years
11:25 yesterday had a pop up, then traded flat all day; this could be the same, at least until late
11:22 aborted for 0
11:20 not a lot of juice
11:04 now that the gap up has held up, it will attract those who wait 2 to 3 hours
10:58 stop to 918.5 -control my risk
10:52 on the Aux page I am running my Jude 4 work in progress autotrader - it just bought
10:48 coming to the Chiron, Neptune, Jupiter timelines-look for some juice
10:46 I have placed 3 charts in the Certified Chaos Trader's room, open to those who have taken my 4 main courses
10:40 note that yesterday's high resistance became today's low support
10:34 pressing a bit-bought 920.5 stop 917.5; used 3 minute candle pattern , break of tops
10:31 cancelled my buy stop a 923. Watching for a 20/110 buy here
10:25 support at 918 as expected. Now, can the bulls get a rally going?
10:16 I'm not interested in selling this, because the 440 is up and we are trading above it and coming into the Tide time
10:12 more impressive streak now; look for support at 918
10:10 getting a bit more selling now-looks like a dip as per the green +Tide
10:06 minor drop on the timeline cluster, but not impressive
9:58 just sitting there- 110 EXMA is rising, now near 920. If my 923 stop is hit I can protect the trade with a sell stop at 919
9:50 on the MTRainbow chart the white 440 minute EXMA is up, near 916-a pullback should get support on it
9:47 make it to 923, but looking like a failed breakout
9:44 trying to push higher
9:38 we come to the Moon/Mars/Venus timeline near 10:00; watch fro a streak move along them
9:34 prices holding flat - placing a buy stop at 923.5 in case of a breakout
but I don't expect it. In markets, which are provably chaotic, you have to expect the unexpected.
9:08 pre-outcry trading is up; normally this will give a low near 11:00
Today's trade times are 10:34 13:10 14:36
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
6/19/2009 1:55:42 PM MT JAB:: 7 point surprise QED
6/19/2009 12:32:35 PM MT JAB:: that short has a surprise coming
6/19/2009 12:21:03 PM MT JAB:: why should someone go long when the 15 min price chart is clearly showing a DOWN trend from an extreme high reading?
6/19/2009 11:49:46 AM MT JAB:: no slim pickings here........depends on your system I suppose
6/19/2009 11:19:03 AM MT TG****:: I'm one of those that likes to wait about 2 hours after first decent morning move so its been pretty slim pickings for past several trading days. Tuning in here today I learned something from Al's comments re: smaller ranges heading into the equinoxes and solstices.
6/19/2009 10:57:42 AM MT Al****:: I agree
6/19/2009 10:54:04 AM MT TG****:: I have a pretty good fit for a 6hr down fractal from 9:45 top. Unfortunately it only projects down to the 910-911 area so looks like slim pickings from here unless we get a pretty good move back up.
6/19/2009 7:07:22 AM MT Al****:: GM all-good luck today
6/19/2009 5:53:05 AM MT mm****:: gm all - have a great day
9:00 Eastern-System: No comments
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