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Chaos Clinic Recap

Here are Al's comments
2:32 OK, I'm done for the day; feel like death warmed over; thanks for coming; see you next week; take a course
2:19 I may take a non-hotline trade if it looks good
2:18 out of the second trade window, so this hotline trade is a pass
2:17 stuck on 1194 +/- change for almost 2 hours
2:15 posted a Fractal of Pi chart in the CCT Room
2:11 on minor moves have a higher low
2:00 I'm reluctant to take a sell here unless we make new lows
1:51 even though prices turned up at the trade time, may not get much of a move until about 2:30
1:49 not a lot of juice; stopped on Moon +T270 flux
1:42 the 440 EXMA is near 1201, possible recovery price
1:40 need to get above the Moon +T270 flux to support a decent rally
1:37 trying to turn up; waiting
1:30 got some juice up the Mars timeline; EXMA's starting to converge; no trade setup yet
1:21 Thanks to TG for posting his Fractal of Pi cahrt in the Certified Chaos Trader's room.
That room is open to the graduates of my 4 main courses. See -> Courses for more.
1:13 next timeline is Mars; break of early Mars +R000 flux suggested a Mars price to time move; watching to see what effect this timeline has
1:03 trading is about accepting reality; it is really easy to look a a move you missed and regret this and that.
That does no good. Forget regrets and look for the next opportunity. You missed the flight. Look for the next airplane.
1:00 regular TG points out that this looks like a move 7 from yesterday's late high
12:54 coming to the Mercury timeline, which almost coincides with the trade time; low price on the Mercury +M315 flux
12:48 the MTRainbow chart is very diverged now; watch for the shorter EXMA's to turn up to start convergence
12:44 it's amazing what a little cold does to one's mental acuity
12:35 the dagger is still falling; these waterfall moves can be sharply reversed, but don't try to buy until they cleary do
12:27 range widened to 15 points; still just watching; I missed the sell, so I did not chase it
12:21 coming into the second trade window - too far below 110 EXMA for a sell
12:16 Moon +T270 flux near 1195.5 is probably support
12:09 range for day now precisely 12 points, 1/6th of a circle; and about double that of the last three Fridays
12:07 little rally after passing solar noon, near Sun +H000 price
11:56 testing the low
11:48 more than an hour until next trade time; watching a simple chart, like the SPKiss chart
11:40 normally, the pattern on the MTRainbow chart is a "down all day" pattern. But the past two afternoons have been
bullish, and on Friday there is a tendency for the market to hold up
11:27 also, since the end of August, moves have bounced off a 7200 minute EXMA on my longer charts; that EXMA is at 1199
11:24 the low of 1197 is 225 degrees. This is often a significant turn angle
11:18 looks like decline stalling-if holds up, should congest into next trade time
11:13 regular TG makes a good point in the chat room: "just closed the large gap up from the day after the FOMC announcement."
11:09 coming to the Moon T090 timeline soon
11:00 down to the Moon -T180 flux; also the Sun +H000 flux
10:57 the 20/110 EXMA's gave a buy, then a sell, a "hook and go". Often I take both. Today I didn't; fighting a cold
10:49 glad I aborted that trade; next trade time is 13:08
10:31 taking a breakfast break now
10:26 covering for 0 on the stall
10:23 very choppy
10:17 my cover is 1210, if we get there
10:15 bounced off the Moon flux; I kept my stop under it
10:10 not much follow through yet
9:59 stop to 1203
9:57 the report is out; sentiment has improved a bit; it was in the chart before the offical release
9:54 on the MTRainbow chart, a crossing of the yellow and magenta EXMA's can be used as an early entry signal
9:53 this is a gap down day. usually get a rally into 11:00
9:50 the 110 EXMA has curled up, which is why I pressed
9:47 pressing a bit, bought 1205 stop 1201
9:45 looks to me like the report has already leaked
9:43 the 110 EXMA is down to about 1206,and the 20 EXMA is up; possible buy setup
9:37 holding up early in the outcry session; traign on Moon +T315 adn jupiter +J270 flux
9:29 the only report this morning is Consumer Sentiment at 9:55; economic reports are linked on right side of ListOfCharts page as Economic NEWS
9:25 this is the time of year when the economic focus shifts to consumers; will they spend more for Christmas?
Surveys say yes, and major retailers will add about 600,000 temp jobs, but keep 40 % of those as permanent hires, vs. 31% last year
9:22 the MTRainbow chart shows a weak market, but like yesterday it may hold up and even rally a bit
9:15 today's trades are 10:05 and 13:08 ; hopefully we will get better volatility than the last 4 Fridays
9:01 for the third day in a row, the market has made an early low at 1202, right on the Mars +R000 electric
field flux line
See the Chaos Clinic astro chart
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

11/12/2010 12:38:44 PM MT ken:: hope your feeling better...have a good weekend Dr. L
11/12/2010 11:59:02 AM MT TG****:: posted the expanded FOP with low towards 3:03 tide time. Still just watching at this point.
11/12/2010 11:33:22 AM MT TG****:: Thanks, don't want to overthink too much but often the 6hr FOPs I'm looking at that contain an overnight session expand out to about 8hrs. So there is definitely that possibility that the top near 11:30 was move 4 and this choppy up move so far is move 6.
11/12/2010 11:22:56 AM MT jab****:: Nice chart, TG. Cheers!
11/12/2010 11:17:10 AM MT TG****:: Posted FOP in CCT chat room. looks like down is completed but I'm looking for a little more confirmation before I buy.
11/12/2010 10:57:54 AM MT TG****:: looks like in move 7 from yesterday's late high.
11/12/2010 10:42:13 AM MT BG:: .
11/12/2010 10:36:24 AM MT mm****:: no stinker today: this was 9 points
11/12/2010 9:57:25 AM MT Al****:: none, but the MTRainbow helps you detect them
11/12/2010 9:50:33 AM MT MJ:: Dr. Larson, other than the 20/110 EMAs, what else do you use to determine whether a move is a 'hook and go' set up?
11/12/2010 9:05:33 AM MT TG****:: just closed the large gap up from the day after the FOMC announcement. From yesterday's late high I count 5 moves down.
11/12/2010 6:43:34 AM MT Al****:: GM all-good luck today
11/12/2010 5:44:38 AM MT mm****:: gm all - have a great day - lets hope not, EOE
11/12/2010 5:18:27 AM MT EOE:: GM everyone. yet another beautiful fall morning. TGIF. good luck. another stinker mm??

9:00 Eastern-System: No comments

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