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Chaos Clinic Recap

Here are Al's comments
2:29 aborted -1.5; done for the day; thanks for coming; see you next week; take a course
2:19 I really agree with MM; this one is a stinker
2:16 Crazy Harry ran back to kiss his girl goodbye
2:11 coming to the Chiron/Neptune/Mars timelines soon; could add energy
2:00 1178 was great until the girl's husband came home; now Crazy Harry is bailing
The attraction to 1178 stopped after the Venus timeline
1:57 sold 1177.25 stop 1180
1:55 looking weak going into last trade time
1:51 out for 0; Crazy Harry has died
1:48 stop up to 1176
1:41 Crazy Harry is the conductor of the S&P train. He loves to park it in a station and go see a girl.
Crazy Harry has a date, seeing his girl at 1178.
1:25 flux lines can be very powerful attractors, stopping a huge maket in its tracks
1:19 there is nothbing magical about 1178, except that it is the Vensus +V270 electric field flux line; attractor all day
watch to see if Venus timeline is hot
1:18 Fractal Grid looks good
1:15 getting a little bit of juice on the Mercury timeline
1:11 there is a point from the Chaos Trading Made Easy course called the Sleeper Buy Point. We are at it now.
1:07 this would have been a good day to go camping, except it is snowing in the Rockies
1:02 stop to 1175.5; 3 ticks under recent low
12:58 passed the Moon T180 timeline, Sun is next
12:54 if you went to a restaurant, and they told you the wait would be several hours, you'd leave.
But you shouldn't in markets; the 4th harmonic of the rotating earth is 6 hours, and the 6th is 4 hours.
12:47 my reentry was basically an entry in the second trade window; the market has held up 2.5-3 hours after the early low, favoring a rally
12:38 this looks minor but is not: that swing was a higher high
12:35 the correction was a converging triangle. Topside is now broken
12:30 now things look much better; the fractal grid is intact, and on the MTRainbow chart I see a thust and a correction ending
12:28 I have found that in a flat market I often flinch just at the wrong time. So i wait a few minutes, and then decide about re-entering
12:25 my focus is being tested by the crew that showed up this morning to install my new gutters.
12:24 rebought 1177.50 stop 1174
12:20 I may have flinched. But I can rebuy if we get juice
12:17 aborting for -1.25; don't like it anymore
12:03 I think the market is observing a few hours of silence in memory of Benoit Mandelbrot's passing
11:53 trade is being held by Sun, Moon, and Mercury flux; passing their timelines near 1:00 may change things
11:51 minor lows on Mercury flux
11:43 I have posted my Fractal Grid chart in the Certified Chaos Trader's Room. That room is open
to graduates of my four main courses. See -> Courses for more info
11:39 regular MM says today is a "stinker"; I remind everyone that "Chaos Follows Dullness"
11:36 I also watch a Fractal Grid in a flat market; it is from the Chaos Trading Made Easy course. Still says up
11:33 here I watch the flow on the MTRainbow chart; the longer EXMA's are up, and the 880 is support
11:30 staying in a flat trade like this is hard. One just has to set a reasonable stop and ignore the little jumps
11:26 dip as exchange passes Node timeline
11:21 I'm back; see I did not miss much; Fractal of Pi pattern still good
11:04 I'm already in the second trade window. I'll just carry this trade through. Taking a breakfast break.
11:02 stop now to 1175; longer EXMA's are up; be patient
10:58 getting some buying now
10:46 not a lot of juice yet; stuck on the Venus +V270 10:37 stop to 1174.5 ; trading above the 440 EXMA
10:30 looking good; low on Sun flux, secondary low on Mercury flux
10:26 still holding up; fractal looks OK; this is a good example of the value of overlay patterns.
Tell you more than just indicators.
10:18 pressing a bit-rebuying 1178, stop 1174
10:15 On the MTRainbow chart I have Fractal of Pi up from yesterday's low, saying up all day after this dip
10:13 still trying to turn up
10:04 this is the most common place for the 20/110 EXMA's to give false signals
10:03 looks like the expected dip; just watching
9:57 aborted for -2; may retry
9:52 still chopping
9:48 bought 1180.5 stop 1176
9:41 bounced off the 440 EXMA; Early dips on Friday tend to resolve about 10:00, so I want to see how we come out of this first Tide time
9:32 Fridays often have an early dip, then hold up all day
9:30 outcry session in progress. I avoid trading outside the day session because the volume is so much lower
9:26 today is the full Moon. On the SPSunMoonMer chart the Sun flux near 1176 and the Moon flux near 1174.75 are support.
9:18 the MTRainbow chart shows trade above the white 440 minute EXMA, which is sloping up. Bullish outlook for the day.
The initial rally stopped at 1181, the price of the Chiron/Mars/Neputune (C,R,N) electric field flux lines on the Chaos Clinic chart.
This has been significant resistance for over a week.
9:12 pre-outcry market up a bit; trade times today are 09:49, 11:37, and 14:31
Today looks like "hold it up" day, with the morning being relatively dull, and a possible late rally.
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

10/22/2010 12:53:54 PM MT TG****:: your welcome mm. have a good weekend Al, mm, and everyone else.
10/22/2010 12:35:43 PM MT mm****:: thanks TG
10/22/2010 12:22:22 PM MT EOE:: we're back to Venus.
10/22/2010 11:46:40 AM MT EOE:: had no idea you were a poet Al.
10/22/2010 11:16:12 AM MT EOE:: therehas been something magical about 1178. we've been hanging around it all day.
10/22/2010 10:34:51 AM MT TG****:: Benoît B. Mandelbrot(20 November 1924 – 14 October 2010)
10/22/2010 10:15:18 AM MT mm****:: I don't remember: Is it an anniversary of M's passing - or did it happen now ?
10/22/2010 10:13:49 AM MT EOE:: ZZZZZZZZZZZ
10/22/2010 10:06:36 AM MT mm****:: nine 20/110 crossings in the last 2 1/2 hours
10/22/2010 9:38:20 AM MT Al****:: patience MM; chaos follows dullness
10/22/2010 9:27:46 AM MT mm****:: It seems that we have another stinker today - Al: you have the worst luck with the lack of volatility on your Friday Clinics
10/22/2010 7:10:14 AM MT Al****:: GM all-good luck today
10/22/2010 5:58:08 AM MT mm****:: gm all - have a great day

9:00 Eastern-System: No comments

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