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:eek: I guess that this guy will find a companion faster than many friends I have that have posted their profiles on Yahoo! Personals. Matter of supply and demand.

In the NYSE there is a guy whose job is to keep fairness in the game (while making a nice profit), and order in the stock, that guy is the Specialist. In the Nasdaq you have several Market Makers per stock each trying to profit in a greedier way than the Specialist. Even though sometimes...

I only trade NYSE stocks, and I try to stay away from Dow Jones stocks due to the "thickness" they present. Volume between 1,000,000 and 5,000,000 is more appealing to me. I also stay away from Oil stocks and Mining stocks, they move in tandem with Oil and Gold adding more complications. I have...

DMI, ADX, Bollinger Bands, Moving Averages, Japanese Candlesticks, blah, blah, blah. The best indicator I have found so far is to eye ball the stock chart and the $NYA and follow what the bid and ask is saying. If you see buyers buy, if you see sellers sell. If you are right 50% of the time but...

Tomorrow at the opening you will see a lot of buy market orders like this: KO 47 shares AXP 40 shares PG 36 shares WFC 33 shares etc. Good Luck!

That means that they are ripping off their clients. Stay away from big firms, their mutual funds and their fantastic products, they give you pennies and they take the Gold.

Maybe the Wall Street Journal is angry with Niederhoffer because he has always preferred the National Enquirer. I will show my solidarity with Niederhoffer by not buying the WSJ in one week.:eek:

Kate Moss is British so you better buy some Puts on the British Pound... and buy Calls on Kate Moss!:D

Is even worse when you want to exchange your hard earned dollars into Euros. I recently went to Paris and suddenly realized that my money was worthless.

Cool blog Tony, I'll keep an eye on it. I work in Union Square and I spend a lot of time in Barnes and Noble drinking coffee and reading stuff. I you are ever around let me know.

The lack of literature on EW is a good sign, means that not many people understand it. A good contrarian indicator would be the number of books written on a particular subject. If you go to the Barnes and Noble of Union Square (for the ones that live in NYC) you'll find tons of books on how...

I call him James because I don't know him personally, but he is the guy with the bow tie that appears in CNBC that was Soros' partner. Niederhoffer makes a very good point about Buffy in one his books when he says that most of his dough comes from Geico (my insurer and I love Geico) a company...

I'm impressed that no one has chosen John Meriwether... this is the guy widely mentioned in Michael Lewis' "Liar's Poker" as the "King of Wall Street"... the same Meriwether that played a $1 million dolllar Liar's Poker with John Gutfreund, the head of Salomon Brothers at that time...

If you could choose to work and learn from anyone you want who would you prefer? Paul Tudor Jones, or maybe Marty Schwartz, or Victor Niederhoffer, or Ed Seykota, George Soros? I have to confess that I would like to spend some time with Niederhoffer. I have read his books and I have found...

gharghur2, Any suggested literature on EW?

Hi gharghur2, is it easy to identify the waves in present tense? because it looks easy to draw them in past tense, but I think that to identfy them when they are happening must be very hard. Does EW apply to Day-Trading?

Don't underestimate EW! in Market Wizards, Paul Tudor Jones II (who has made more money than everyone here combined) says that EW offers very good alternatives when trading. Unfortunately he is not specific on his trading methods.

Correction: Buy a Straddle on the S&P 500.

Buy a Long Straddle on S&P 500 Options:D

because it is easier to track the specialist than the market makers?