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aussiebear

World Stock Markets Trading Discussion - Windswept waves

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So I have a put expiring tomorrow on one position that's slightly in the money. Cycles say let it ride until noon tomorrow. Gotta go with the odds. 

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Actually right now is the idealized synchronized intraday cycle highs. So this pop should be the end if I counted right. The rollover really gets going tomorrow AM. 

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LOL! Doc, just logged in and thanks for the humor and the new server and glad to see you are on a winning streak. And thanks Madness and Doc for all the running commentary and charts - very helpful indeed!

 

I'm still watching that 61.8% fibo on the S&P 500 at 2742. And I'm keeping an eye on the RUT and SOX.

 

The Supreme Court ruing today on cross border sales tax collection by states, right or wrong, could really hurt that money machines we call the Internet in a big way. Not so much the tax but the complexity involved in tracking 10,000 sales tax jurisdictions in the US, their quarterly changes, their changing filing requirements and responding to 50 different audit requests is probably going to kill a lot of legitimate businesses. Not to mention that the supreme court left wide-open collecting back taxes for the last 7 years. That's downright scary for a legitimate business with a 2% margin who under law up until today didn't owe anything to be presented with up to a seven year bill for say on average 5% is sales taxes?

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