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Hey Einstein, I was referring to revenue from cap gains. Spending's influence on cap gains is extremely minor. Besides, the levels of revenues changed dramatically when cap gains were first raised, and then lowered. Even Obama recognizes this. It is a FACT that lower cap gains taxes brings in...

Took me YEARS to be able to this. Chasing and fading used to account for 90% of my losses. Pretty much avoid both now, except in extreme cases (which are completely subjective). I just let a lot of trades go. The markets are not going anywhere. they will be there tomorrow.

yep, that was the Fib retrace. i agree with tortoise though. i don't see anything long here. A bit oversold, but nothing screaming at me. depends on tomorrow's open now for me.

Government revenues increased DRAMATICALLY. It was the spending that was the problem. No one knows what the gov revenues would have been without the cuts, but likely LOWER. This can be measured with the cap gains changes however. When rates went to 28%, revenues DROPPED. When rates went to 15%...

your ES chart looks very similar to mine when I bother to run the price histogram. I also use Ensign, but have the 25000 bars or 60 min bars (along with 5 min and 1 min). for some reason, the volume bars often don't record the correct highs and lows?

That is what I have also. 35.50 to be exact.

What planet are you on? I've lost track of all the conspiracy websites and blogs dedicated to the 911 'hoax" alone. There is an entire industry wrapped around this now, and not only do they say what they want, they can just make shit up. Nothing happens to them. There are quite a few...

Supply side econ works very well if spending is cut also. It is a fact, not theory, that tax cuts spur an economy, and almost all economists believe in the validity of the Laffer Curve (they just argue at what rates it works). Even BO admits that a cap gains hike is not likely going to increase...

west coast here. most of my trading is bonds and ES/NQ/ER2. I am at the PC by 5 am every day. Bonds usually trade big ranges early in day. I shift emphasis to stock indexes about 15 mins after the open, but still trade bonds at times as well. When markets are moving well, I work till the...

yeah, both move pretty much the same. More bang for the buck with ES. That said, way more bang for the buck again with ER2, but moving over to ICE exclusively after Sep contract expires. Will probably kill volume on the thing.

This bill won't do shit. Drop in the bucket. The Gov needs to leave the RE/mortgage markets alone! Prices and defaults have to move to where they automatically stabilize the problem. Otherwise you just drag out the problem with propped prices and artificial loans. These stupid tax rebates don't...

Very simple, just referring to prices of ES and ZB. Extremely highly correlated. Sharp movement in one more often than not gives a heads up to take the other the opposite direction, before it breaks. I do this all the time (doing it as I type actually). Yes, I used to look at put/call and...

Just planning to keep taxes the same as current on individuals, except modify the AMT, which BO also wants to do. He does want to bring corporate rates down to the level of the rest of the world (25%) to stem the flow of corporations going overseas. This makes sense. The US has the highest...

Maybe Mac's ancestors "owned" Barak's ancestors? The media would have field day with that bit of worthless trivia!

That Dell is what I was looking at also. Two of these will cost much more than the other setup you were looking at. just depends on what you really like looking at if you already have the money to buy either one.

true. a 30 inch will let me have my basic charting on one monitor. i think. have it strung across 4 now, with execution software on another PC and monitor. I'm running about 25 windows, but could clean this up to about 15 I bet. should fit OK on one big mutha.

One of the best intermarket indicators is bonds/ES. Roughly a 90% negative correlation, and one of em always seems to move before the other, giving you a heads up on the lagging contract before it moves. I watch both like a hawk all day (90% of my trading is in these two contracts).

I disagree with the previous post. Although I am a price action trader as he obviously is, I incorporate volume extensively, and have for years. I have found it to be a huge aid, especially at supp/resis levels. I do not use indicators of any kind however as they are all derived from price...

I never have a clue where markets are going. opinions at times of course, but that's about it. I just react, and try to keep the bias to a minimum.