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  1. W

    This is HUGE bull market

    a weighted average is not More or less of a reality, dood "Give me one valid reason to use a weighted average, other than to gloss over the reality of the market? I don't want to see the line go up steadily to show me the 'market conditions'. I want to see the reality of the market...
  2. W

    zero sum game?????????????

    "Does the fact that contracts in futures expire have something to do with futures being a zero sum? " no. that's irrelevant to the fact that it is zero sum. but good question. "The same would be with poker. Each game expires and is settled and in order to change the sum of money...
  3. W

    This is HUGE bull market

    holy grail makes a good point. the breadth of the market is better represented by an equal weight index, and the larger caps by a cap weighted
  4. W

    This is HUGE bull market

    "Yes, it did not do the giant bubble of 98-2000, and the subsequent 01-03 fall of the $SPX, because it gives equal weighting..... but what's the point of equal weighting? The REASON that the bubble occurred (and the wealth occurred), was because of the weighting of the higher valued stocks in...
  5. W

    zero sum game?????????????

    also, ALL asset classes will change worth based on realizations. if everybody who owns bullion ALL decided to sell tomorrow, gold prices would drop it doesn't therefore follow that if the price of bullion has gone up over the last 3 years, that none of the wealth gained is "real" if...
  6. W

    zero sum game?????????????

    "You have yet to show me how wealth is created in the stock market. Just because a stock gaps up 10% overnight does not mean that all 100 million shares outstanding can be sold at that time for that price for a 10% gain." nor is that a requirement for a non-zero sum system in a non-zero...
  7. W

    zero sum game?????????????

    volente, you have been a troll for as long as i have been posting here, so responding to you is futile. it would be like teaching a blind man how to paint. but, to make one quick point if 1) wealth can be grown in the economy then 2) wealth can be grown in the stock market...
  8. W

    This is HUGE bull market

    correct. RSP is the equal weighted ETF. SPY is the cap weighted one
  9. W

    This is HUGE bull market

    not on a %age basis, i can be pretty assured. i've only been actively trading one year so, the bottom line is still modest but the returns are rawkin'
  10. W

    This is HUGE bull market

    "why DOES THERE ALWAYS HAVE TO BE A PLACE where money goes" because we live within the greatest wealth generation system ever devised by mankind - the american economy. and we can participate in the capital markets merely by opening a brokerage account. we can buy portions of the some of...
  11. W

    This is HUGE bull market

    try searching for SPEWI and throw in a "equal weight" or some other such term it is your loss that you have never heard of it you can be a sheep, or you can actually look beyond what the elementary wall street claptrap tells you
  12. W

    The Best TA Book Ever Published!!

    you gotta admit that elliot wave has STYLE though "it's the fifth wave of the 4th chewbacca formation with a dodecahedron sidecar..."
  13. W

    This is HUGE bull market

    "SPEW? I'm a clueless retail investor buddy. I look at the DOW, NASDAQ and S&P 500 for my trending" even a "clueless retail investor" (and you are describing more of a trader than an investor, but i digress) should know (or at least research before shrugging it off) that the SPEWI ***is** the...
  14. W

    Market Delta by bolter

    martys makes a good point a better trader than me once said "markets don't move cause they want to; they move cause they have to" lots of small traders getting stopped out and especially getting liquidated for margin calls is the kind of fuel that REALLY makes for trend days. people...
  15. W

    question about taxes

    "States with no income tax have to make their revenue somewhere... usually with very high property taxes and maybe sales taxes" correct. and in the case of sales tax, i would much rather be penalized for CONSUMPTION than for income and capital generation if i work twice as hard to make...
  16. W

    This is HUGE bull market

    "Which metric? Unless my chart is wrong, the S&P 500 in 2000 was a high of 1552.87. Tell me, how close is 1380.89 from 1552?" the metrics i mentioned. what part of SPEWI don't u understand or TRANS or Russell? or amex composite? by the metric of the LEADERS of the 90's bull...
  17. W

    This is HUGE bull market

    genereally speaking, i agree but i think one thing needs clarification "The market goes up, the market goes down, but I think we're way overdue for trying to close the gap on people's 2000 losses. 4 years of bull run my ass. We're still not 1/2 way to the Nasdaq high. " nasdaq, nasdaq...
  18. W

    The Best TA Book Ever Published!!

    thunder, that is absolutely true, and a constant source of semantic wanking a lot of people think that if they are not using chart formations, or indicators, they are not using TA if u are using TAPE - it's TA if u are looking at a price chart, and making any decisions based on...
  19. W

    All I see is a sea of green

    "Also don't forget that oil companies backed by republican party blocked fusion research for a long time - now we 're just 20-25 years from the first commercial fusion powerplant." and don't forget democrats backed by various leftists, greens, and nonukes sorts opposed nuclear power, so...
  20. W

    This is HUGE bull market

    anybody who has ever read a COT report knows there is such a thing as smart money
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