Chaos Clinic Recap
Here are Al's comments
15:42 I'm done for the day and the year. May each of you have a Merry Christmas and a Happy New Year.
If things go as I hope, the next Chaos Clinic will be January 14, 2011
15:35 I covered 1238.75-no juce left.
15:25 I'll cover at 16:00 if still in
15:15 my stop is just below the white 440 minute EXMA on the MTRainbow chart.
15:14 from the midday low I see 1-2-3-4 moves of 7 in an up Chaos Clamshell. I'll wait to see if I get any of move 5.
15:11 getting a bit of selling. I may get stopped, but I do not care.
14:49 I'm looking for one more little runup into about 15:40
14:45 prices are just below the Sun +H180 and Mercury +M180 flux on the SPSunMoonMer chart.
14:42 It is hard to hang around on slow days, but patience can be rewarding.
14:38 For a lot of traders, this is the last trading day of the year. May be for me. It's been a very good year.
14:31 not a lot of juice on a December Friday. Got my stop break even plus a tick.
14:22 stop now to 1238.
14:05 This Internet is great when it works. But much of it runs on old twisted pair wiring installed 50 or more years ago.
When I had my server in
Boulder, they lost their network. They found that it came into their building on
a telephone wire strung from a pole, installed in 1940. Wind was intermitantly breaking the connection.
14:01 stop to 1237.50
13:58 OK, the link seems to be back up.
13:54 looking grim. My network used for all but my servers is down. My modem resets did not fix it. Chaos reins supreme.
13:49 I have lost my data feed network connection. Technocrap. I may be done for the day.
13:36 As a Christmas present to my Certified Chaos Traders, I have posted a resaerch chart in the CCT Room.
13:19 stop to 1237, a 5 point gain would be 1243.25, close to the 9 point range of 1243.75
13:18 it is hard to be patient waiting for some juice. But if you spend the time figuring out what is happening
it can be very profitable. Of course, that takes knowledge, tools, and a lot of work.
13:13 stop to 1236.5, 3 points under the high
13:11 this is now a "hold until close" pattern, so I will just carry this trade through
13:03 bought 1238.25 stop 1235 ; got juice at the trade time near expected end of congestion
12:34 the two day pattern is thrust, congest. Normally, next is a second thrust in the same direction.
Range yesterday was about 9 points=45 degrees. Today low of 1234.75 +9 = 1243.75
12:30 I'm back; still stuck in the congestion ellipse. It ends soon.
12:04 taking a breakfast break; light snow starting in Denver
11:48 one of my CTME's, TG, is a regular suscriber on this site. He uses all the Chaos trading tools. Yesterday
he was watching to buy the end of a 3 day down fractal. He bought somewhere just below 1231 and got out somewhere above 1238.
Spectacular trade by someone who has worked hard at his trading. I'm proud of TG.
11:40 I have placed a Fractal Grid/CTME chart in the Certified Chaos Trader's Room. That room is open
to graduates of my 4 main courses. See http://moneytide.com -> Courses for details.
11:33 now getting a bit of lift.
11:03 on the MTRainbow chart, yesterday's rally has 7 small moves in an up Chaos Clamshell to a high near 14:00. Since then,
there are 7 small moves down in a possible down CC. This has the same pattern as the 3 day down fractal
that ended yesterday morning, but on a differtent scale. This is fractal self simularity.
10:49 little decline. Strong support below on the Moon oppose Venus electric field flux at 1233
10:36 several years ago I did a study of the distribution of S&P moves. It spent 51% of the time essentially flat.
Chaotic systems do this. Then they jump chaotically to another stable level. The goal of chaos trading is to catch those jumps.
10:07 on the AUX page I have posted a 2 day chart showing a congestion ellipse. The white lines are prime numbers.
The ellipse starts at the point where the congestion did, centers on the middle, and suggests the end.
9:46 on the MTRainbow chart, the 440 EXMA is flat, and the longer ones are slightly up. Suggests a flat to up day.
9:37 very common on Fridays to get an early dip, then hold up all day
9:25 today there is one economic report-leading indicators at 10:00. And it is option quadruple witching day.
Quad witching days are often narrow range days. So today may be an MM Stinker.
9:15 quite preoutcry. Bullish trend. Trades today 13:07 and 14:45
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
12/17/2010 1:49:45 PM MT ken:: Have a great holiday Al. and everyone here..
12/17/2010 1:46:11 PM MT cvvv:: Al, good luck , take care
12/17/2010 1:23:54 PM MT ken:: that 2-3 points above weekly high was in regards to playing the short side, but would have tighter stops on the long side..fwiw
12/17/2010 1:22:54 PM MT ken:: stays above 39 wouldn't necessarily short...would think the longs want to take out the weekly high and take the stops out before the weekend, then sell it...however, if market starts falling here, all those longs will have to start unloading with the stops out of the picture....tight stops if long, 2-3 points above weekly high to give it some room if you wanted to play that side...kind of like no mans land here....of course, none of that was scientific, but that's why we're all watching Al..
12/17/2010 1:13:44 PM MT kwc:: Would it be prudent to be short here?
12/17/2010 1:08:31 PM MT ken:: 15 point range for week--6 days if you include last friday...just a matter of time before she breaks out of range..
12/17/2010 1:00:55 PM MT ken:: don't know about first 1/2 of day, but very similar to last fridays chart..if i remember Al, you had a similar position going on last week with us coming into a CIT time period today and last week also...
12/17/2010 12:55:12 PM MT Al****:: RAH: have a nice vacation. I do Chaos Clinics on Fridays because they are slower. When I do them I can't really trade.
I do them for free. It would cost me too much in profits to do them on other days. Besides, not all Fridays are like this. Finally, the Fiday is hard coded into my website.
12/17/2010 12:45:49 PM MT ken:: Hi Al, FWIW.. 1242 area has been big resistance 2 times this week..3rd time a charm?
12/17/2010 11:59:27 AM MT kwc:: Looks you're back!
12/17/2010 10:22:09 AM MT RAH:: Hi Al, OK I'll do F for you guys! :-) I'm probably off soon, and I'm away from Monday til 27th December, although I should be visiting this site during my travels. Enjoy the rest of Friday there! Hope you get a decent trade in. Al, what about the idea of doing the Chaos Clinic on another day of the week? Fridays have been too flat to do much with your clinic, or is that perhaps because its near the end of the year? Will Jan pick up perhaps?
12/17/2010 9:55:36 AM MT Al****:: ion that study flat as staying within 2 points of the 480 minute EXMA
12/17/2010 8:40:21 AM MT MJ:: Dr. Larson, how did you define "flat"?
12/17/2010 7:42:04 AM MT Al****:: -3.8 C is 25.16 F according to http://www.wbuf.noaa.gov/tempfc.htm
12/17/2010 7:39:16 AM MT Al****:: 27 F here in Denver. RAH-since this is a Yankee site you will have to give your temps in F :)
12/17/2010 7:24:45 AM MT EOE:: GM everyone. 12F this morning, light dusting of snow last night. good luck. TGIF
12/17/2010 7:21:33 AM MT RAH:: Hi all, well snow today in Maidenhead near London.... not much but a start! Going to Estonia for Xmas where there's LOTS of snow. My weather gadget on FFox says temp outside is -3.8C.
12/17/2010 7:12:41 AM MT Al****:: GM all-good luck today
12/17/2010 5:15:04 AM MT mm****:: gm all - still 16F and sunny - have a great day
9:00 Eastern-System: No comments
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