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  1. tommcginnis

    Proof TWS tick is broken for weeks and useless, misleading

    It has been useless to consume Trader Dashboard real estate with TICK for..... a year or more?? Because the idiotic value cited was the Mark. Jeeeez. But for the past 2-3 weeks??? This [graph] has been the crap -- that thicker blue line is a 6-minute SMA, and should track well with the...
  2. tommcginnis

    No Spreadsheet Needed

    I disagree entirely -- and without any snark or anything: the decline of any sort of "civic" discussion in the U.S. means that there is little input from the general public when revenues are discussed. So, by our own fault, we have "Don't tax you -- don't tax me: Tax that man behind the tree!"...
  3. tommcginnis

    No Spreadsheet Needed

    There is no, nor can there be, any *moral* justification for the estate tax, excepting an unstated "right" of the state to reach into private property and *ex*-propriate it -- as it, *take* it -- as in *steal* it. Such a tax is not based on any purported "needs of society" -- else there would...
  4. tommcginnis

    Beginner in selling Bull Put Spread

    OP: beerntrading writes of position *management* to address risk, and much less of entry (to address that risk) -- this is what experience sounds like. There is an old saying, that "bad traders can lose money on a great trade, and good traders can make money from a bad trade"... The implication...
  5. tommcginnis

    Markets Will Rise for Monday Open

    Okay, so: 2470 it is. The thing is, that call depended on a read of NKorea having pulled the market 'artificially' down, and the market recovering in a measured way to zero. Here we are at zero. With a Reversion-To-Mean paradigm, I think of the market not as a pure pendulum device, but more as...
  6. tommcginnis

    Markets Will Rise for Monday Open

    "Phew!" 2466 at noon -- feeling a lot better about 2470 for Wednesday open, you might imagine. Modestly bullish/neutral TICK and TRIN spell stability for the rest of today. (Still, the 2075s ($5-wide) I was sitting on for Friday are now 2085s (still $5-wide) and, to make up the dollar...
  7. tommcginnis

    Markets Will Rise for Monday Open

    This would *not* be a great time to snug up the puts.... TRIN absolute says "Down!" and the TRIN direction says, "DOWN!" -- that we're flat with that? A very unstable market. Should BUYers step out, that big of a SELL volume would bring us down 'right smart'. How fast?? The 6-mute average...
  8. tommcginnis

    trading system i have developed

    If the EliteTraders platform were a large canvas bag, and your program were a prize-winning hog, you'd still be asking for someone to buy a pig-in-a-poke. And, just to fill you in, it' jus' ain't wise, to buy a pig-in-a-poke. https://en.wikipedia.org/wiki/Pig_in_a_poke So....
  9. tommcginnis

    Markets Will Rise for Monday Open

    2466!! Jeepers! The market internals looked all hinky early-on, but have come around to support the climb. 6-minute TICK is still negative, but improving. TRIN started at a *very* bearish 1.75, but is bullishly down to 1.17 (and the direction, of course, is more important than absolute level...
  10. tommcginnis

    Markets Will Rise for Monday Open

    And didn't they seize two USN drones last year? Am I remembering that right? EEeeewwwwww-wwwwww! We's best all be paying attention! I mean, they *slowed*down* in GDP at one point, and dropped the world markets in a *big* way. If they got into a shooting incident with the USN? HOW much trade goes...
  11. tommcginnis

    Markets Will Rise for Monday Open

    I'm short and long every damn day.
  12. tommcginnis

    Markets Will Rise for Monday Open

    AND REMEMBER THE SPRATLEYS!! The U.S.N. has been doing laps around those puppies for the past 4-6 months (THANK GOD) to "show the flag" -- I think the official mission is "Maintain Freedom Of The Seas"... I had been worried about this for 3-4 years, and wondering why no one was making any noise...
  13. tommcginnis

    Markets Will Rise for Monday Open

    Wow -- very impressive discussion. You guys rock. Lots of great back-and-forth-ing...... Trading-wise, as an option seller, I'm on both sides of any market anyway, and yes, I have escape routes planned for everything I have on at the moment. The topside stuff I've bought back -- if we pop, I'll...
  14. tommcginnis

    The "fight" is over -- China "to stay neutral"...

    Okay so, who can tell me the difference between World Events and Politics? C'mon now! Not hard! Anybody! You there, in the back -- go ahead -- speak up. Who wants the Gold Star?
  15. tommcginnis

    Markets Will Rise for Monday Open

    {muttermuttermutter .... damn statistics[!]......}
  16. tommcginnis

    Markets Will Rise for Monday Open

    Why? Because China has responded "In the event of hostilities, China will stay neutral." DPRK's big brother just said, "Huh? Nope. [shove.] You brought this on -- you handle it yourself." Somebody change Fat Boy Un's panties. China wins; U.S. wins; Japan, Guam, South Pacific win; DPRK wins[!]...
  17. tommcginnis

    The "fight" is over -- China "to stay neutral"...

    That's it -- that's the end of this little tempest. China just responded "In the event of hostilities, China will stay neutral." DPRK's big brother just said, "Huh? Nope. [shove.] You brought this on -- you handle it yourself." Somebody change Fat Boy Un's panties. China wins; U.S. wins...
  18. tommcginnis

    Rules for Drawing Trendlines

    Some thoughts: "Trend" cannot be defined with any sort of certainty -- any "trend" you see is someone's invention. "Trend lines" -- similarly, cannot be defined, a priori. What this means in practice is that trends are drawn (defined; depicted) post hoc. Always. What *that* means in practice, is...
  19. tommcginnis

    Live Calls Thread.

    Your Rope-ians say: the dip is over. DAX and DJ600 both bottomed today at 10:30ET. For incitement's sake, I'd be long through market close. [ten minutes goes by... DAX + DJ600 both turn to make new lows] "Okay! Who told?!?!" I can't do this all day, but I'd put a nickel on our direction...
  20. tommcginnis

    Option Exercise Data

    Open Interest at the close, for all strikes ≥ price.
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