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Chaos Clinic Recap

Here are Al's comments
3:49 done for the day; thanks for coming; take a course
3:47 covering 1074 for +5; got support on Moon flux
3:38 new lows - stop 1077
3:36 stop 1077.5
3:33 looking good-will cover at 4:00
3:26 looking weak; if make new low, watch out below
3:23 stop 1078; lock a big 1 point :)
3:20 10:00 was hot; 4:00 could be as well
3:09 still holding up-stop to 1078.5
2:55 my fractal pattern is looking good-I love the eMylar overlays
2:53 patience is a virtue - and in short supply with me. But the MTRainbow chart and Fracatla of Pi help me wait
2:48 high right at last trade time; stop in proper place
2:31 did not get up to the 220 ; holding; stop is good, fractal is good
2:24 watching the Rainbow chart - 220 stopped last correction rally
2:10 in the last trade window-may just cary this trade through
2:00 on the SunMoonMer chart, the first low was on the M+315 flux; now giving it a Good Bye Kiss (GBK) from below
1:52 stop 1079, break even. This week's high was 22 years from the Crash of 1987. 22 years is the sunspot cycle
1:42 now look at the "curl" in the 440 EXMA on the MTRainbow chart - says decline is accelerating
1:32 this pattern has the potential to be hard down to the close-I will ride this trade for max, stop 1080
1:29 if get a leg as big as the first one in an zig-zag, could see 1063
1:27 stop 1083; looking good
1:20 looking weaker
1:00 Elliotte Wavers see a thrust and an ABC correction
12:57 high right on Tide time; holding fast
12:51 bit of a rally-stop OK -watching to see if 220 EXMA stops rally
12:35 right here I'm watching the 440 EXMA on the MTRainbow chart for "curling" over
12:23 updated my FOP chart in CCT Room
12:19 in the trade window with a continuation sell setup. sold 1079, stop 1084
12:10 This "hold it up and congest" plan got foiled; Now that the drop has absorbed the heavy selling, the
stock specialists will be trying to hold it up here as they "trade out their paper"
12:03 updated my charts in the CCT Room
11:52 aborted for zero; will wait for hotline trade time
11:34 18 point Sun flux to Sun flux move so far
11:33 on the MTRainbow chart all the averages have rolled over; bearish
11:26 sometimes my hotline trade selection software misses a good trade time like this one
11:21 that sell was based on the Face of God chart I just posted in the Certified Chaos Trader's Room
11:17 no rally here-not hotline trade, but sold 1080 stop 1085.5
11:07 2 hour decline; still watching for a rally
10:56 still probing for a bottom-support likely on the Moon T+90 flux
10:50 posted a Fractal of Pi chart in the Certified Chaos Trader's room-open to graduates of my 4 main courses
10:33 from the high I see 7 little moves, so this may be the end of the decline
10:28 1080 is a cardinal price on both the Wheel of 72 and Wheel of 360; a break below it will be significant longer term
10:19 first thrust down in a new down Chaos Clamshell-now look for a move 2 up
10:13 looks like tracking red -Tide; no hotline trade here, but my Franklin autotrader grabbed a quick $132.70
10:11 hex recognizer has detected hex pattern set by Sun, Moon/Pluto, and price
10:09 down to the Mercury M+180 flux
10:06 broke below the 440 EXMA on the MTRAinbow chart-says flat to down for day
10:02 little streak on the 10:00 timeline due to Sun 8th harmonic resonance. Sun is 3 hours away at 1:00, 1/8th of day
9:49 on the SunMoonMer chart, the high was Sun+225, and low was caught by the Moon -T045 flux, and now
trapped in the Moon balance (congestion) zone between it and the Moon T+135 electric field flux
9:44 there is the initial pullback
9:33 there was an error in last night's email -daylight time ends on November 1
9:25 Tide times today are 11:08 12:40 14:45 with the last two being selected by my software as trade times
The first is near the Moon+90 timeline, so it may set up a trade going into the second trade time
Fridays have been prety dull, and this one looks like a "hold it up and distribute" day
9:13 pre-outcry is up a bit; MTRainbow chart shows rally is extended; so expect pullback toward the white 440 EXMA
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

10/23/2009 12:50:45 PM MT jab****:: Plus it was close to the tide turn
10/23/2009 12:47:26 PM MT TG****:: Further, it did pretty much work today spot on with a correction just over 1 hour 20 minutes. Could have, should have, would have been nice to have sold the first down 3 minute candle out of that correction.
10/23/2009 12:42:58 PM MT TG****:: JAB, found the quote from 6/5/09 clinic. "The range is 24 points-very high for this time of day. Gann's squaring of price and time says it takes a time period equal to the range for the move to be digested. Of course there is a scale factor involved. For intraday S&P trading the scale is usually 3:1, so a 24 point move may have an 8 hour congestion. Another common scaling is 15:1, so 24/15= 1.6 hours - either way, we have time to wait." My own thoughts are that it can be a little subjective as to what constitutes a continuous move. Today's initial drop seemed like one major move having never really corrected back to the 110 exma on a closing 3 minute bar basis.
10/23/2009 11:33:38 AM MT jab****:: Oops, meant 15...thanks again.
10/23/2009 11:27:13 AM MT TG****:: No, in this case, 19.5 pts divided by 15 gives 1.3 hrs. I usually don't divide by 3 but 15, though Al has mentioned 3 works too but that would mean a lot of hours of correction for each sizable move.
10/23/2009 11:13:21 AM MT jab****:: Thanks, TG: you divided by 3: got it.
10/23/2009 11:06:35 AM MT TG****:: No, but sizable moves usually need to be digested. I think in past clinics Al mentioned it as a concept that goes back to at least Gann. Two scaling factors that typically work to turn the size of the move to hours was to divide by 15 or 3.
10/23/2009 10:58:39 AM MT fhm:: 0957, Arizona Slim, Calling it a day. It's like watching astro turf grow !! Have a great weekend. AS
10/23/2009 10:44:14 AM MT fhm:: 0945, Arizona Slim here. Another boring Friday. Crazy Harry is in his element today. AS
10/23/2009 10:35:17 AM MT jab****:: TG: re your question about time, were you figuring a 50% time retracement?
10/23/2009 10:33:06 AM MT Al****:: I don't really know
10/23/2009 10:29:37 AM MT mm****:: Al - does one know what percentage of trades is still "controlled" by the Specialists ?
10/23/2009 10:20:08 AM MT Al****:: makes sense
10/23/2009 10:12:55 AM MT TG****:: Al would you pretty much call that one uninterupted move of 19.5 pts, thus should see about 1 hr 18 min of correction?
10/23/2009 7:09:58 AM MT Al****:: GM all - good luck today
10/23/2009 6:15:30 AM MT mm****:: gm all - have a great day

9:00 Eastern-System: No comments

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