Chaos Clinic Recap

Here are Al's comments

2:58 I'm done-thanks for coming-see you next week-take a course
2:56 covering for 0 - got tired
2:48 I always want Fridays to have nice clean easy patterns - has not be true lately :)<
2:44 1264 +C225 held so far
2:40 I have an insane urge to cover and quit-so it must be time to rally
2:38 tested last minor low-held for now
2:29 the reason I'm being persistent is that the low came near solar Noon and selling can't drive it lower
2:28 still early-stop 1263
2:24 rebought 1266
2:20 higher low-still looks like it could rally-but will there be any volume late Friday after a wild week?
2:11 no matter what you do in trading, your survival depends on using stops. Many trades fail. You must control the loss when they do.
2:05 stopped out for -3 ; got caught by 20/110 EXMA "hook and go" taken early
2:01 probably could have waited-stuck on corner of hex pattern
1:50 can't wait-bought 1268 stop 1265
1:47 not yet in last trade windown-trying to be patient and wait
1:44 on SPSunMoonMer chart see that high and low were Mercury Moon flux-50% recovery is 1272 Mercury-Moon flux
1:42 looks like bulls could gain some late traction
1:38 low on Mercury/Moon flux-coming to Mercury/Moon timelines
1:34 recovered above old low -still weak-probing for a bottom
1:16 I'm back -range extended to 18+ points-Mars/Neptune/Chiron flux lines
12:31 taking a breakfast break
12:22 still looks like hold up today-but I didn't catch a pop, so I aborted
12:10 aborted for -1.5
12:08 may pay for my aggressiveness
12:03 pressing a bit-bought 1269 stop 1266
11:59 still watching
11:41 in second trade windows-110 EXMA is curling up-watching for a buy setup
11:21 looks to me like today's low is in
11:05 I'm offically passing on first trade. It came early
11:02 9 point from yesterday's low if 1257=1266-now getting a hex pattern recognized at 1266.50-see Hex Wheeels links on right side of List Of Charts page.
10:55 these are volatile times-in response to the recent volatility, Interactive Brokers
doubled its margin requirements over last weekend.
10:51 if I miss a good move, I work hard not to chase it-I've found it better to wait
10:48 I'm not selling because the best part of this drop is above me
10:43 very near the first trade time-looking like a low in the MoonTide-not a good trade setup so far
10:36 bounce off that +V135 flux- I often notice highs or lows that are close to 9 points from the prior day's highs or lows
10:28 this move has now gone as far below the 440 EXMA as it was above it- a balance
10:26 I don't like missing a nice move like this, but it was not in my trade window
10:25 range expanded to 15
10:15 yesterday's low was on the +V090 flux-9 point higher +V135 is about 1266.5 -watching it for support
10:11 broke that support; getting a good drop-too late to trade it-still just watching
10:01 watching the +R180/+N270/+C270 electric field flux bundle for support
9:56 on the MTRainbow chart we have converging EXMAs - a congestion. It looks like move 4 in an up Chaos Clamshell
It may last several hours, suggesting patience
9:51 down to the 440 EXMA -between the 110 EXMA and 440 EXMA is sort of a never never land-trades in that region often
are good for only 2 or 3 points
9:42 all economic reports are in-corporated profits growing, GDP positive and in a normal pullback, and durable goods
orders good. The sort of news that needs chewing after the Fed gloom and Greek debt worries. I only look at this for longer term economic conditions, not for day trading or swing trading
9:40 today looks to me like a consolidate and hold up day with a 9 point range
9:37 pulling back-support near the 440 EXMA is about 9 points=1/8 Circle of 72 off the high
9:25 hotline trades today are at 10:49, 12:08, and 14:43 ; lots of time to watch before the first one
9:20 Today I am running a research chart in the Certified Chaos Trader's Room. That room is open
to graduates of my 4 main courses. See http://moneytide.com -> Courses for details.
9:15 opening up a bit, but rally from yseteday may be topping. On the MTRainbow chart, prices penetrated the white
440 EXMA verictally near 1269, 12 points off 1257 low. An equal balanced move of 12 points is 1281. We now have a little double top there.
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

6/24/2011 12:51:16 PM MT kwb:: thanks Al.......
6/24/2011 10:51:43 AM MT mm****:: MJ - yes, but this has been so forever
6/24/2011 10:40:06 AM MT MJ:: If they liquidated positions it would have been at the end of the day (last 15 minutes). Margin goes from $2500 to $5000 so I think that is doubling you're talking about.
6/24/2011 10:39:22 AM MT Al****:: KWB-the main configuration I see is about July 5-7-those near birthday of our country are usually bullish
6/24/2011 10:37:23 AM MT Al****:: MM-intersting-they are back where they were-I had positions liquidated last weekend when they doubled them-strange
6/24/2011 9:27:13 AM MT mm****:: Al - I was not aware that IB doubled the margin requirements - I checked their web site and they actuall are LESS than when I checked the last time: for day trading $2,500 initial and $2,000 maintenance. So ?
6/24/2011 9:14:51 AM MT hajo:: Thank you Al. All the best with your health
6/24/2011 8:46:12 AM MT hajo:: could you please explain/detail the "9 point from the previous day high and low" Thanks
6/24/2011 7:25:26 AM MT kwb:: GM All, Al, been a while.....hope all is getting better........!! mind if i ask, are there any or a lot of major alignments coming up in the next 2 weeks........ have your ephemris and looks like between now and july 4th-5th, seem to be a lot of them....if so, any that catch your eye as potential market busters--in either direction? thanks
6/24/2011 7:10:46 AM MT Al****:: GM all-good luck today
clear and sunny in Colorado
6/24/2011 5:14:53 AM MT mm****:: gm all - still raining - have a great day

9:00 Eastern-System: No comments

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