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  1. bone

    "Murphy's Law": New York May Follow New Jersey With Trading Tax Of Its Own

    Or, Texas will make the transplants a very light shade of red.
  2. bone

    Today was a very ugly reversal to the downside

    Old habits die hard.
  3. bone

    "Murphy's Law": New York May Follow New Jersey With Trading Tax Of Its Own

    So they’re testing out servers in Chicago. Which is a temporary fix because if New Jersey passes a financial transactions tax then Illinois almost certainly will because they’re just as poorly mismanaged as possibly even more financially desperate. The financial industry will have to move...
  4. bone

    Today was a very ugly reversal to the downside

    I’m not going to bother with the Dow or the S&P. Nasdaq is the big kahuna. That’s where the big institutional order flow is. I’ve known that for many months now but I’ve resisted changing my charting and tickers.
  5. bone

    Another Whistleblower Award Issued by CFTC to Individual Exposing Fraudulent Activity

    In a state where corruption abounds, laws must be very numerous - Tacitus
  6. bone

    "Murphy's Law": New York May Follow New Jersey With Trading Tax Of Its Own

    The State legislation votes for taxes, and the New Jersey House and Senate has been solidly Democrat since the 1960’s. Happy to help.
  7. bone

    Another Whistleblower Award Issued by CFTC to Individual Exposing Fraudulent Activity

    Absolutely. It’s the most effective way to police a capitalist society. Rat people out for money.
  8. bone

    fast $1 BILLION profit!

    That's why if you have big bucks you use a prime broker.
  9. bone

    Time to short the market...

    Sure is less painful to catch half of a move with very favorable risk/reward confirmation set-up than to make, literally, hundreds of "this is the top" timing calls that are wrong. There is a massive epidemic of Jack Schwaeger "Market Wizards" ideologues on this website who get the market...
  10. bone

    Time to short the market...

    March 9, 10, and 11 were three days that had already taken out all of the major long term technicals in terms of price action - and if you had gotten short on any of those three days, you would have caught half the move and taken very little heat on the position. Very favorable risk/reward.
  11. bone

    Time to short the market...

    1. Of course the market will sell off, and 2. You might as well liquidate your trading account and buy a boat - at least you’ll have something to show for it, because timing markets without confirming price action is the most shit risk/reward in trading. The worst. There was confirmed...
  12. bone

    Sudden vanishing of sports due to coronavirus will cost at least $12 billion, analysis says

    The Big Ten will undoubtably say “science” as a face-saving gesture, but it was undoubtedly public, student, and athlete pressure. Most of those States had professional and collegiate sports already being played successfully outside the Big Ten venue. Quite a few college students and athletes...
  13. bone

    Sudden vanishing of sports due to coronavirus will cost at least $12 billion, analysis says

    The Big Ten Council of Presidents and Chancellors (COP/C) adopted significant medical protocols and has voted unanimously to resume the football season starting the weekend of October 23-24, 2020. Also Kevin Warren (Big Ten Commissioner) a few weeks ago: “there would be no reconsidering.”
  14. bone

    Time to short the market...

    Turned out to be a great buying opportunity for the big swinging dicks. That Weekly trend line has held strong since March, never really taken out. Waiting for Volente’s “XYZA” is the top in the S&P 500 thread # 374 in a few days.
  15. bone

    Nasdaq bounced right off the 50 dma — for now !

    Turned out to be a great buying opportunity for the big swinging dicks. That Weekly trend line has held strong since March, never really taken out.
  16. bone

    Parabolic move is what we are witnessing..8-2020

    Turned out to be a great buying opportunity for the big swinging dicks. That Weekly trend line has held strong since March, never taken out.
  17. bone

    S&P 500 support and resistance levels, levels identifications

    Same for wave counts and cycles. But they make fantastic looking charts.
  18. bone

    Another Whistleblower Award Issued by CFTC to Individual Exposing Fraudulent Activity

    The thing about Madoff was that he only had a couple people privy to his crimes, and they were complicit.
  19. bone

    adding to winners.. valid or no?

    Yes, there have been quite a few corrections. If you model Weekly data, it will make more sense to you. The March uptrend is intact.
  20. bone

    adding to winners.. valid or no?

    Better yet there are strategies where adding to winners is easier. Day trading - Difficult. Swing trading - easier. With all markets there are going to be periods of retracement and consolidation and correction and eventually trend reversal. I happen to prefer futures spreads because they...
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