Chaos Clinic Recap
Here are Al's comments
2:20 OK, I'm done with this rubbish day. Thans for coming See you in 3 weeks. Take a course.
2:18 aborted for +.5
2:13 still treading water
2:05 looks like it made it through this dip
1:52 nothing to do but wait
1:42 I am showing this chart on the AUX page
1:38 if I scale the -Tide to match the TideTracker line, I get a target of about 1312 for this rally
1:26 new high for the day
1:24 did it, right on the 13:23 Natural Time; stop to 1307, locking one tick
1:22 needs to get above 1309 to get more juice
1:20 stop to 1306.5
1:10 there is a third trade time at 14:54, but I don't think I want an entry that late on a Friday
so I will just finish this trade
1:07 looking good-stop to 1306
1:01 both TideTracker and the 110 EXMA bottomed at solar noon-in chat room TG points out
that today is a "two Moon day" with Moon timelines near 10:00 and 4:00-pattern is often one way or Moon-noon-Moon
12:43 stop to 1305.5
12:42 getting a little juice
12:32 not much juice-may pick up as day wears on
12:21 stop to 1305
12:15 have the 20 EXMA crossing both the 55 and 110 -buying 1306.75 stop 1304
12:05 that FOP suggest the decline from yesterday's high ends within the next hour
12:04 I have placed a Fractal of Pi 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.
11:57 coming into the second trade window;
11:53 I was really hoping today would be a nice, volatile day, since I will be gone the next two Fridays-maybe
I should have started my vacation this week rather than next :)
11:50 stops are a trader's best friend; thye will get you out of poor trades when you won't get out of them yourself.
11:48 I'm back - mercifully got stopped out
11:30 taking a breakfast break now-be back in a bit
11:15 still OK-I probably should have aborted; but at least this adds some excitement to a garbage day :)
11:08 still OK
11:05 may get stopped
11:00 early low still holding; possible 1 and 2 of small up Chaos Clamshell on 1 day chart
10:54 last minor high set by Mercury +M135 flux; coming to Mercury timeline about 11:18; watch for upturn then
10:46 this has been a strange month, with the market moving higher, but very low intraday volatility
10:42 the bigger pattern on that or any two day chart is a rally and a pullback, suggesting a rally to come
10:38 on the MTRainbow chart, the 440 EXMA is flat and tangled with the 110
10:35 this sort of chop is very hard to trade, so this trade could fail
10:30 still OK-I pressed based on the simularity to yesterday, and not wanting an entry with more that a 3 point stop
10:22 pressing a bit, buying 1308 stop 1305
10:20 20 EXMA turning up
10:18 not going up or down-still watching
10:15 time of low same as yesterday, on same natural time point
10:12 support came on Moon -T045 electric field flux
10:08 trading both sides of 110 EXMA-still watching-dip looks like yesterday's
10:06 testing early low
10:03 ho hum reaction to home sales -up about as expected 5%
10;01 still trading flat and quiet; just watching
9:58 lots of high frequency noise
9:55 entry stop not hit; yesterday had a sharp dip just after 10:00 to the low of the day
9:50 the 110 and 20 EXMA's are close together.
9:47 placing a buy stop at 1310 in case this thing pops early
9:43 looking bullish
9:37 SPTideTracker chart suggest tracking green +Tide, with a low near 9:55; I plan to wait until after 10:00 news event for any trade
9:34 outcry session open-very quiet
9:15 quiet overnight-early trading within yesterday's range-today's trade times are 09:55 12:31 and 14:54 .
One economic report today, home sales at 10:00. Last week local TV reported homes in Colorado are suddenly selling very well.
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
1/20/2012 12:47:47 PM MT AG:: Have a safe holiday Al. Thanks.
1/20/2012 12:20:43 PM MT Tg****:: Al, have a great trip to CA.
1/20/2012 12:20:15 PM MT Tg****:: Calling it a day.
1/20/2012 10:51:10 AM MT Al****:: that suggests an up afternoon
1/20/2012 10:43:37 AM MT Tg****:: Al, do you have any thoughts on the low in the 110 exma pretty much coming on solar noon on a two moon day.
1/20/2012 7:07:11 AM MT Al****:: GM all- good luck today
1/20/2012 5:44:41 AM MT mm****:: gm all - have a great day
9:00 Eastern-System: No comments
[ Live Clinics on Friday on DaytradingForecasts.com ]