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  1. bone

    The S&P 500 topped at 3481

    You got stopped out on the 3481 call at 3515. Start a new thread. Number it two hundred and XX.
  2. bone

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

    Or, alternatively, that the market could care less about your opinion. People have a thousand ways to sabotage themselves.
  3. bone

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

    Well, traders also place too much stock in the obvious and they refuse to believe what they see. Support and Resistance levels, Fibos, Pivots are usually faded by newbs and that is a mistake. Somehow they have it in their mind that something like Support is a tangible barrier and they will buy...
  4. bone

    The S&P 500 topped at 3481

    Now that is the kind of analytics that I can appreciate, thanks so much for adding some color. Point being, it's always better to give up some trading range in exchange for a much better risk/reward skew (price action confirmation, earnings, etc.) .
  5. bone

    The S&P 500 topped at 3481

    It's the ego-driven fallacy perpetuated by Jack Schwaeger's "Market Wizards" - which was the biggest disservice ever made to the trading community. I wouldn't be surprised to hear that that tome has blown out ten thousand accounts. Timing market tops and bottoms without confirming price action...
  6. bone

    The S&P 500 topped at 3481

    Quite the Sadist.
  7. bone

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

    I've seen so many traders fail over fighting the market. They have to be right and the market has to be wrong. They abandon their stop-loss levels and they add to the position. And that's the end of them. They are usually forced to close out their positions by others, or they will close it...
  8. bone

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

    It's called an Anxiety-Distraction Negative Feedback Loop.
  9. bone

    The S&P 500 topped at 3481

    You'll learn eventually. Stopped out. Time for a new thread calling a new top. There are literally over a thousand threads calling tops the past several years, btw.
  10. bone

    The S&P 500 topped at 3481

    OK, you're stopped out on 3481 per your OP. Time to start a new thread with a new top. For the how many hundredth time.
  11. bone

    New Jersey and New York are thinking of taxing financial transactions

    I met Jeffrey Sprecher in the 1990's and have followed ICE closely ever since. IMO it would be a grave mistake for anyone to think that they could intimidate him or that somehow NYSE would just sit there and allow themselves to be a piggy bank for a badly managed and fiscally irresponsible...
  12. bone

    How does the fed add liquidity to the economy?

    At some point in time, you'll have to cite a reference other than yourself. And this isn't a discussion or an intellectual exercise, you cite no formal proofs or academic works. Let me provide an example: "The Biggest Auction Ever: The Sale of the British 3G Telecom Licenses". The Economic...
  13. bone

    New Jersey and New York are thinking of taxing financial transactions

    Obviously New Jersey Assemblyman John McKeon, D-Essex, does not know Jeffrey Sprecher and the ICE executive staff very well.
  14. bone

    Gotta love ZERO RISK in the SP500 = $$$

    I am thoroughly amused by all of the S&P 500 Top is HERE threads. The S&P isn't driving this car the freaking NASDAQ has been driving this car. Er, rocketship.
  15. bone

    How does the fed add liquidity to the economy?

    This flies in the face of everything we know about economics and market innovation - you are advocating for a kleptocracy. Putin's Russia - that's your framework. Great. So a government erects a multitude of regulatory impediments in exchange for a royalty and the issuance of a patent. And...
  16. bone

    New Jersey and New York are thinking of taxing financial transactions

    Post of the Year :thumbsup:
  17. bone

    How does the fed add liquidity to the economy?

    1. Europe nationalized Companies post-WW2 and that worked out terribly. It wasted huge amounts of capital and resources and ending up making services and products more costly and with inferior results for the users than the private sector could provide. Countries had to create heavily...
  18. bone

    What is the importance of the US losing its position as the number one economy in the world?

    Leftist kids tend to become adult capitalists when they find out that working six months out of the year to pay taxes is a bitch when it comes their turn to support a family. Been that way since 1923.
  19. bone

    New Jersey and New York are thinking of taxing financial transactions

    New Jersey: I see an easy way to collect a few Billion per year in taxes... FINRA, NASD, NYSE: Hello, CBRE Nashville?
  20. bone

    New Jersey and New York are thinking of taxing financial transactions

    So, multiply your daily transactions by 0.0025. And that’s how servers get moved to Nashville or Austin.
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