Yes You Can... Cash In On Chaos!

Chaos Clinic Recap

Here are Al's comments
3:08 thanks for coming-see you next week-take a course
3:06 too bad it was snowing in the mountains; this was definitely a camping day :)
2:27 1296 is a major 72 point quantum-a main attractor - stuck on it today
2:54 out -1; no go
2:50 recall that 10:00 was hot-6 hours later-4:00 could also be hot
2:48 velcro move
2:40 stop 97
2:26 getting hex pattern at 1295-tends to set stable prices at 12 point increments
2:18 need to break 94 support to get a following
2:09 the MTRainbow chart is showing a dome top pattern
2:07 sold 95.25 stop 98.25
1:59 breakdown price now 95.25
1:50 hanging by a thread
1:40 looking weak-30 minute range a very narrow 2 points
1:35 it's gotten very quiet-even here, where one of my granddaughters has fallen asleep on the couch-she never want to sleep,
but sometimes it catches up with her :)
1:28 95.5 looks like a breaking point-just under the 440 EXMA
1:23 in trade window-watching for a sell with some juice
1:17 breakout trading systems will have sell stops under the last low of 1294
1:10 this is dullness-buyers and sellers balanced-chaos follows dullness
The one thing that could change the balance is the Mercury/Saturn conjuction-their timelines are just after 2:00
1:00 I once had an old trader tell me a pattern like this was the specialists "trading out their paper" - distributing before a decline
12:43 on the MTRainbow chart you see a big congestion starting about 11:00 yesterday-an ellipse around it ends about 2:00 today
12:41 looks like we tread water until the last trade time
12:37 out flat again-no go
12:35 on the MT rainbow chart sitting on 440 EXMA in a convergence
12:27 resold 96 , stop 99-I have no patience today; I have 2 grandchildren playing in my upstairs "office"
12:24 out +.5 -not going
12:13 stop 1298
12:09 resold 97-stop 1300
12:08 out flat
12:06 stalled here-needs to break 95 to move
12:02 stop 1300
11:47 not a hotline trade- sold 97 stop 1302; my trade selection software did not pick this turn
11:40 broke 110 EXMA
11:27 large top wick on 3 minute candles-selling overhead
11:23 on the Chaos Clinic chart with all the astro stuff, there are diagonal yellow lines - the MoonTide harmonic grid
The down slowping one is suppressing the rallies
11:20 testing 1301 again
11:07 that looks like the lower high-but still trading both sides of the 110 EXMA
Mercury conjoin Saturn at 1292 set the low - +9 = 45 degrees=1301 set last high
10:58 seeing mixed Tides- currently coning into the red -tide high
10:52 the MTRainbow chart shows a weak uptrend; I see a lower low, so watching for a lower high
10:42 This market still looks weak to me, just not ready to go down yet
10:40 aborted -2; making things up
10:30 resold 95.5 stop 98.5
10:26 stopped -.5 ; settling into congestion
10:24 I pay a lot of attention to the slope or speed of a move-this downturn is very steep
10:20 on the SPRainbow chart the white 440 EXMA indicates the day's main trend-currently rolling over from up to down
10:18 adjusted stop to 96
10:14 still OK-pressed stop too soon
10:07 stop 95.5 -10:00 resonant streak
10:03 sold 95.5 stop 99.5 for now
10:01 a break below about 1296 will turn the 110 EXAMA down
9:58 now watching to see if we head south
9:53 out -1.5 ; early failure to follow through
9:44 stop 99.5
9:42 bought 1301 stop 1298
9:41 watching for follow through
9:38 testing high
9:27 settled on 110 EXMA - flat
9:15 pre-outcry reversal off yesterdays's high
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

8/15/2008 1:43:20 PM Mountain cgm:: backassword shud b breaking now
8/15/2008 1:33:14 PM Mountain cgm:: show new h& nu l still possible
8/15/2008 1:21:15 PM Mountain cgm:: 93.75 holds break 1307+ projected h
8/15/2008 1:15:21 PM Mountain DBJ:: As tricky as today has been to trade, the whole day looks like a terrific setup for a short over the weekend, IMHO.
8/15/2008 1:15:00 PM Mountain cgm:: if break shud come 3: 15 rally @345
8/15/2008 1:01:29 PM Mountain Arb:: Any take on some amount of tracking of ES and crude ? The 2 buck up rally not moving ES was a tell sign. Just tick reading stuff but still valid it seems. Thanks for Friday free access, great learning opportunity Al.
8/15/2008 12:56:05 PM Mountain DBJ:: For the explanation about the stability, see Al's comment in the Clinic at 2:26
8/15/2008 12:53:49 PM Mountain cgm:: not familar w/ the term velcro move sticky?
8/15/2008 12:51:22 PM Mountain dp:: Is the temporary stability explanation where we can read it? Thanks.
8/15/2008 12:39:42 PM Mountain DBJ:: Thanks for the explanation on the temporary stability Al. :-)
8/15/2008 12:33:59 PM Mountain Arb:: crude pit closing time, my bet ES is moving up now, or my assumption is just off
8/15/2008 12:29:51 PM Mountain Arb:: nice break but not go, seems there are deep pockets who do not want this to go down just now
8/15/2008 12:27:47 PM Mountain Arb:: 14:25 crude on the move again
8/15/2008 12:19:10 PM Mountain DBJ:: Odd... The latest Hex pattern suggests stability.
8/15/2008 11:56:41 AM Mountain Arb:: crude moving again ... 19:50 may drive the action
8/15/2008 11:01:34 AM Mountain Arb:: For the record, the crude 12:39:10 "mini-break" 112.06 (previous local low 112.08) precedes the ES 12:39:16 1297.25 up tick ending the stall
8/15/2008 10:50:25 AM Mountain DBJ:: Thanks Al.
8/15/2008 10:47:55 AM Mountain Al:: good trade, DBJ
8/15/2008 10:42:41 AM Mountain DBJ:: Took +2
8/15/2008 10:15:32 AM Mountain DBJ:: Stop 97. Locking in 2
8/15/2008 9:56:38 AM Mountain Arb:: Crude 111.60 to 112.80 at 11:36-48 - Now off - ES back up
8/15/2008 9:50:44 AM Mountain DBJ:: Stop 99.
8/15/2008 9:43:09 AM Mountain mm:: I don't see a crude rally - it has been around 112.30 for a while - down from 113+ earlier
8/15/2008 9:42:51 AM Mountain DBJ:: Sold 99.
8/15/2008 9:39:27 AM Mountain Arb:: 11:36 crude rally
8/15/2008 9:30:56 AM Mountain cgm:: full moon h today?
8/15/2008 8:50:56 AM Mountain Arb:: IMHO we are waiting for a break up in crude oil for ES to break down (CL now down 111.70 from yest close 115.10) a case where the fundamentals outweight the Moontide ?)
8/15/2008 6:00:44 AM Mountain DBJ:: GM all, and good trading!
8/15/2008 4:53:11 AM Mountain mm:: gm all - have a great day

9:00 Eastern-System: No comments

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