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Chaos Clinic Recap

Here are Al's comments
11:47 looks like the wait for the house stall is on; I'm done for the day; screens will run to the close;
next Chaos clinic in 2 weeks
11:46 out flat, not moving
11:39 this looks like a move 7 up from the early low, so it may only test the high
11:35 bought 1150, stop 1147
11:32 just past second trade time, with a possible continutation buy set ; waiting a bit
11:04 there was obviously more profit in that trade, but taking 9 points reliably is a good practice over time
note high stopped my Mercury/Sun flux
11:00 so far tracking the green +Tide-at next MoonTide turn it goes flat, so it may not set up a good trade;
the flat may be a "wait to see what the House really does " stall
10:54 out +9
10:52 stop to 41
10:48 this rally began before the outcry open-it has held up nearly 3 hours, which will encourage more buying
10:43 holding to the T090 Moon electric field flux line
10:37 stop to 1140, lock 1, 9 point cover is 1148
10:34 the Moon T+90 timeline looks like it added some Moon juice
10:32 in such a market, one just has to be patient
10:29 so far this is a "Twentyman grinder." That's a market that is moving, but with a lot of pullbacks
10:14 rebought 1139, stop 1134; note upstreak on the vertical Moon T+90 timeline
10:12 on the MTRainbow chart got support at the 440 EXMA-may get another continuation buy
10:09 parked on the Mercury/Sun+90 flux
10:06 out for 0; may rebuy
10:04 in these volatile markets, it has been harder to hold a poistion; here I'm content to hold with a break even stop
9:55 looking good-may be a strong up day at this rate
9:50 stop tested but not hit; probably pressed it too soon
9:42 stop to 1137
9:33 continuation buy at 1137 , stop 1134
9:26 preopen rally has turned the 440 EXMA on the Rainbow chart flat to up; looks like the market expects the House
to pass the bailout bill
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

10/3/2008 10:31:48 AM Mountain mm:: TG - you are catching on ! - It also turned on the Close earlier - I put the 12 S/R levels on my eSig 1 min chart every morning
10/3/2008 9:53:06 AM Mountain Al:: that line is just the green +Tide; so far it fits, but a yes House vote could invert it
10/3/2008 9:46:38 AM Mountain DP:: Al - how do you read the moontide harmonic grid in today's action? It shows up movement; flat area; then drop. Thanks.
10/3/2008 8:43:50 AM Mountain TG:: Interesting, hit resistance 1 in SP1Day chart right on a natural time.
10/3/2008 7:29:05 AM Mountain DP:: GM all; Good trading today.
10/3/2008 5:50:53 AM Mountain mm:: gm all - have a great day

9:00 Eastern-System: No comments

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