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Sorry, for a moment I was unsure whether or not to take you seriously. Thanks for clarifying.

You're joking, right? In any event, just for the record... No, that's not the point of the tax. And there are many ways to get "Wall Street" to "pay" for future "bailouts" than through tax that would devastate Main Street's retirement accounts (for starters). By the way, "Wall Street,"...

From the article: "The introduction in the euro zone alone should be a first step to be followed by efforts to get the EU as a whole and also the U.S. later on board, the declaration said." My God, what arrogance. A unified Germany has been the past century's single greatest menace. The...

Well, you're probably right. But this is Germany's plan, though it may be destined to fail. Just look at the language in Merkel's party's statement--first EZ, then EU, then US. It's conspicuously expansionist, an avowed strategy to meddle in the domestic affairs of its competitors...

An exchange can impose whatever fees it wishes. There's no law against that.

The idea is to force the FTT onto UK and US through regulatory subterfuge. The ongoing UK/EU fandango is well-documented. The NYSE situation is far sneakier. Basically, NYSE/Deustche Boerse would be required to levy a transaction fee equivalent to the German FTT levied on each transaction...

It's amazing. Germany will now augment its stranglehold on manufacturing with a stranglehold on financial services by strangling London and now NY with its F.T.T. And the dupes in both countries just snooze away. As metaphor, "While England Slept" by Winston Churchill is as timely today...

big enough deal, i thought, to call attention to it in a separate thread. Bottom line: If Frankfurt acquires NYSE, NYSE is DEAD http://www.elitetrader.com/vb/showthread.php?threadid=234699

WOW! If the Deustche Boerse takeover of NYSE goes go through, all NYSE trades will pay any German Financial Transaction Tax. In other words, NYSE would be DEAD http://online.wsj.com/article/BT-CO-20120114-700886.html KIEL, Germany (Dow Jones)--Germany's Chancellor Angela Merkel...

PBGC is not an acronym. It's just an abbreviation.

"Reminiscences" is a great read, but here's what "anonymous people's opinion" has going for it: You've no choice but to judge the opinion on its merits rather than its source.

very helpful. thanks

in other words, correlating es/spy traded volume with buy/sell activity in underlying component stocks? yes, this is what i do. what i didn't understand was how an apparent increase in buy pressure could actually reflect net distribution. in other words, how it could be that when there are...

this is helpful, and amusing. thanks

Very helpful, thanks. This is my blind spot. In other words, when I see huge positive volume delta (upticks-downticks) and price not moving, there's a high probability that's indicative of small-fry buying while the big guns are just sitting on the offer. Did I get that right?

ok, i have an academic question for anyone willing/able to answer: why is it that net buying pressure can be a sign of distribution rather than accumulation (and vice-versa for net selling pressure). i know that it can be (i've observed it), but i can't wrap my mind around the principle at...

that's the way i feel with every trade. good for you for getting back on that horse...

ammo, a quick thanks for your chart posts, once again. and your sleuthing last night, which was spot-on brilliant imho

yes, fair enough. and, again, not meaning to second-guess (or suggest that i have an opinion at this point; i'm brain-dead now). just curious. good that you're clear on your criteria--including state-of-mind. you'll definitely come out ahead that way

ok, i said i was done for the week, and i am...but i am curious about something: 1) nq/es/ym were more-or-less sitting on their respective vwaps... ...and... 2) ...nq/es/ym were more-or-less sitting at the bottom of their respective 5-minute opening ranges... ...at the moment you...