Chaos Clinic Recap
Here are Al's comments
1:17 out -2.5 ; done for the day-thanks for coming-see you next week-take a course
1:09 this market looks like the Nederland, CO Frozen Dead Guy
1:01 stop 59
12:58 on the MTRAinbow chart the averages have accelerated-good for the trade
12:54 a bit more juice - trade looking viable
12:49 MTRainbow chart has all longer averages down-but we need some juice soon
12:35 adjusting stop to 60.5-above the 110 EXMA
12:33 took the continuation sell at 56.5 stop 59.5
12:26 no juice now-will wait a while, but may go camping
12:17 stuck on 1260
12:02 aborted at 60 for -1.5 ; did not like the quick failure
11:55 elected long 61.5 stop at 58.5
11:54 buy 61.5 stop
11:51 buy 62 stop
11:48 buy stop at 63-will lower with each lower candle
11:45 here I use the 3 minute candles to find a good entry on the minor pullback-a stop above each down candle
11:36 have a 1-2-3 move pattern in an up Chaos Clamshell -so a move 4 buy looks possible
11:33 got a good pop now- in about 20 minutes should be able to find a good entry
11:30 going next trade time looking bullish-need upward slope on 110 EXMA before any possible buy using the hotline rules
11:16 on the MTRainbow chart the 110 EXMA is slowing its rate of decline- a bullish "curl"
11:11 rally from 53 to 62 is a nice harmonic 9 points - suggests key prices at 71 and 80 above
11:06 we have turned for panic to boring-1260 is the attractor
10:57 Jude 3 just bought- so it is suggesting the trend is now up - a move up to 67.5 would be a 2/3 "perfect fifth" retrace
10:50 I have put my Jude3 autotrader on the AUX page; it's looking to buy
10:40 the MTRainbow chart also works well for placing the mylar Face Of God overlay
10:33 may have found bottom; on the MTRainbow chart the faster averages are turing up, suggesting max divergence is past
10:23 there is a tendency that if the market makes a low between 10:00 and 11:00, that it holds up from there
10:14 out flat-too much bounce
10:07 low did not hold -resold 57 stop 59
10:02 the move from yesterday's high to today's early low is about 30 points , 1/12 of a circle of 360
10:00 got support on the the Pluto and pinched Moon flux lines
9:56 on the 2 day charts I see 7 moves, so we could have a completed down Chaos Clamshell
9:53 I must admit to being cautious today-the past few Fridays have been lousy trading.
9:51 out +5 ; my entry was cautiosuly late, so this is fine; 1260 is a major price level that we have visited several times in past months
9:48 stop to 65
9:45 my cover is 60.5 if we get there-just looking for 5
9:44 stop to 67-just above the 20 EXMA
9:42 stop to 68
9:41 elected short at 65.5 stop at 68.5
9:39 putting sell stop at 65.5
9:34 have a 110/20 continuation sell-will take if breaks 1266
9:30 the MTRainbow chart shows prices starting the day in a congestion zone between 1274 and 1266
9:05 we just completed the solar eclipse formed by Sun(H),Moon(T), Node(O)-there price electric field flux lines
are at 1267.5 -1270.
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
8/1/2008 1:00:31 PM Mountain TG:: playing the 3:00 tide turn. Placing a buy stop at 62.25.
8/1/2008 12:48:44 PM Mountain TG:: Harry's shakin every one loose before he decides to rally or tank. I think the spike low near 10am was indeed a clamshell low and we've got a complicated up fractal underway.
8/1/2008 11:04:09 AM Mountain mm:: FORD is down 21%, even TOYOTA down 18% - GM to report at at 1:45 - the short looks good
8/1/2008 10:05:11 AM Mountain mm:: FORD July sales double as bad as anticipated
8/1/2008 9:04:08 AM Mountain peter:: hello
8/1/2008 7:29:41 AM Mountain NPT:: I got that sound when I change to another page (e.g. change from SP1day to SPKISS) or when I refresh the page. Which is normal.
8/1/2008 7:20:28 AM Mountain ah:: ?
8/1/2008 7:12:23 AM Mountain ah:: i keep getting an larm sound but cant seem to find any comments.. anyone got any idea why ?
8/1/2008 7:04:13 AM Mountain Al:: GM all-tgood luck today
fsd: there is nothing currently on the AUX page. I post stuff on it on occassion
8/1/2008 6:16:02 AM Mountain fsd:: GM ,Aux page doesn't loas
8/1/2008 5:54:47 AM Mountain ah:: morning all
8/1/2008 4:49:28 AM Mountain mm:: gm all - have a great day
9:00 Eastern-System: No comments
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