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Compliance would be infeasible. It will never happen. I think it's cover for raising the tax rates again.

Nice try but you owe a use tax to NJ on that diamond ring. Not too bright admitting to evading taxes on a public forum. I guess you don't recall that the same scheme was one of the allegations against Leona Helmsley in her tax evasion criminal case brought by Rudy Giuliani, a US Attorney at the...

Biggest difference can be summed up in two words: Always in. An expert knows you have to be in the market and on the right side of the market for the fractal being traded. Knowledge, skill and experience are required to do this, of course. Non-experts spend most of their time sidelined waiting...

Downtown LA has gone to hell but that is a bit shocking. I wonder which party paid the new ridiculous ULA tax.

You remind me of this guy:

That was after he changed his name. He went by Steve Datsun before that.

What do you know about the SOES bandits? BTW, by the time Houtkin wrote his book, that game was long over. He was on his boat counting his money. It is obvious to me you know shit about direct access trading at that time. Noone with some knowledge would conflate a specialist with market makers...

That's a load of bullshit. What you describe existed for a brief period on NASDAQ Level II. It was never an edge in trading NYSE and AMEX stocks precisely because you had to send your order to the specialist. If what you describe was fact, firms like Bright Trading that traded only specialist...

What is the negative cycle, murray? Real estate doesn't look weak in the areas I monitor. I'm not into landlording so not looking to buy unless I can use it. Most recent deal was signing a 15-year lease on ag land. Business partner wants to grow tumeric and add farm-to-table to the business...

I have today as a ST turn. The right side is short. I'm not talking about intraday. I'm talking about my (almost) always-in trades. I was a bit early in the AM and I may be a bit early still. From a cycle perspective, I had next Wednesday as the upcoming turn, so I'm cheating a little. I tell my...

Yes, I'm referring to the general mood and the buzzwords used by the general-mood setters. GDP by definition is a lagging indicator. By the time it confirms, the trend is well underway.

The Fed has now clearly signaled pause. In 2024 it will likely start the lowering cycle, which will obviously coincide with the election cycle. Recession will be the word for 2024.

What market are you looking to trade? Taking your first steps in the trading game is literally a once-in-a-lifetime opportunity. A beginning can be made only once. Good choices make the learning path to becoming operational an easy and straightforward one. Poor choices lead to unproductive side...

You need to KNOW the mode the market is in. Knowing the mode--->correct modus operandi--->timely action--->staying on the right side of the market--->profits. "--->" means "leads to". If you don't KNOW and still insist on trading, you are just guessing and hoping. Sometimes you guess right...

Here are three common phrases of trends: 1. The trend is your friend. 2. Buy low, sell high. 3. Cut your losses short, let your profits run. Kidding aside, not all trends are the same. A reward/risk matrix is better done on trend types rather than their beginnings, middles and ends. Also, it...

On my charting programs, a ray extends forward only, whereas a line extends both forward and backward. Looking backward is a bad habit. Never hunted bison or bears. I ate a bison burger once. Very tasty.

Hello, murray t. A moving average is just a trend line with less confidence. Good point about monitoring volume. You gave away a secret.

I no longer show charts in a public forum since like 2003. Recently one guy here kept asking me for charts in PM and I almost relented but I'm glad I didn't considering how the relationship turned out. Not that giving him my charts would have helped him much. If it's a clone, yes.

I am not endorsing OP's posts on the object. However, discretionary trading is a very personal thing and I find the humble trend line (more accurately a trend ray) and its clones to be a neat tool. Reference sources are widely known and available. I've read Schabacker, Gann, Elliott, Edwards...

He sees you as a fish, obviously. Tuna or mackerel?