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DYTK thru 200dma
GPSN (take two)
test
test
test
(chart)www.stockcharts.com/def/servlet/SC.web?c=GPSN,uu[w,a]daclyiay[db][pb5!b50!f][vc60][iLg!La12,26,5]&pref=G(/chart)
test
test
test
test
GPSN (test)
GPSN inside day holding the 5dma
and riding a long line of obv consolidation with MACD just positive:
http://stockcharts.com/def/servlet/SC.web?c=GPSN,uu[l,a]daclyyay[pb5,10!b50!f][vc60][iUg!La12,26,5]&...
glgt
A
OT Dr. Dean filet...
The filet mignon cut is simply the loin cut or center portion of a full prime rib roast...the foot long+ style before cutting. It is the same piece of meat as the center portion of a prime rib steak or rib eye. It comes from adult cattle.
IPVO to .60 any moment now... /e
ARET for 30 min. not filling at current ask fwiw.../e
PTSO 50dma bounce developing.../e
PTSO 50dma bounce developing.../e
andersonmmi
buying dried up for a bit...
fwiw, those are buys at 1.65 just now and printed red as if they were sells....
not over yet... imho
VWPT on right shoulder breakout candle..over 5/10/50dmas../e
RCNC short interest over 9 million shares
There are over 9 million shares sold short on RCNC. This should provide rocket fuel for holders on today's breakout...
http://www.nasdaq.com/asp/quotes_full.asp?mode=&kind=shortint&symbol=RCNC&symbol=&sy...
A
CK28...PTSO..positive OBV and above 5/10/50 dma's ../e
RCNC..thank LATINO..his all the way...Thx L.../e
Rivet RCNC..nice chart quick draw.../e
bought RCNC 5d/50d ma's cross today /e
NPCT looking interesting again over 5/10/50dma's /e
GTEL bounce off 32dma this AM...
http://stockcharts.com/def/servlet/SC.web?c=gtel,uu[l,a]daclyyay[pb5,10!b32!f][vc60][iUg!Lv25]&p...
CMRC gapped up over 5/10/50dma's
no position yet
A
chipped re: mark to mkt
1. If you file this year to MtoM it is not valid till NEXT year's filing '04 taxes filed in '05. It is not retro to '03.
2. Mark to Mkt is not that big a deal imo unless you hold large positions over the new year. It just takes paper +/-'s and plants them in the ending tax year and starts you out w/a new January 1st basis on holdings. Not too important for a short term trader.
3. As a short term trader, you should just expect to pay your marginal tax rate on NET profits at year end.
4. If you have had any net loss years, those losses are eligible as loss carry-forwards into the current years. All loss carryforwards should be netted out with current year gains until the losses are zero before you pay a nickel in current year taxes.
5. I think you can also take $3,000 loss carryforward against any other non trading income per year, if in fact you have any years that were net loss.
6. I explored this subject at length a few years back and elected to just treat trading as a regular business with the standard business deductions you would expect w/any other full time business. This election taxes one at the marginal tax rate based on year end net income just like a normal paycheck w/out the hastles of business licensing/taxing because of the special tax treatment allotted full time investing/trading. Trading is not treated as a business taxable business entity, but as investment activity.
Hope this helps. I am not an accountant, so take all of the above with a grain of salt. Check and confirm with yours. Finding an accountant with trading tax treatment knowledge is tough. good luck
Also, I use Quicken as personal accounting software. It allows for electronic download of all trading activity from your broker directly into the program. Saves incredible hours at tax time and shows clearly the millions of $$'s traded over a 12 month period, trade by trade, to justify the business claim.
A.
another site: http://www.tradersaccounting.com/
QTFV bounce off 5dma and trending
toward 50dma near .079ish. worth a watch...long
http://stockcharts.com/def/servlet/SC.web?c=qtfv,uu[l,a]daclyyay[pb5,10!f][vc60][iUb4!Ll14]&pref...
EDIG /e
NPCT sitting on 50dma @ .25 watch for bounce. /e
OT: chipped...re: wash rule
don't be afraid to buy a good one again before 30 day window...you will just change your basis for the next sale...consult your accnt, but don't not re-buy a good one just to qualify for the wash.
A
ALTI bounce off 5dma area..e/
EYE_ON_...DTII
EYE...default IS bad news...can be precursor to a BK filing for protection from major bank. be careful.
or, could be a Very hi risk buying opp...
A
PMU closing HOD...probable gap monday /e
PMU 5/10dma crossing up @ 1.13 /e
GOLD 24hr. world chart...
http://www.kitco.com/
click on "daily gold chart" on right side of page gives 24hr gold quotes in world mkt for 3 day window...great for gold guys.
A.
ATNG moving hard off 5/10dma's /e
CMRC thru 50dma today /e
Up tomorrow imho...
The wave 3 down was not finished yesterday and completed today at precisely the 2.618*W1 fib level...fib BIG W3 from 1904 is 1783.57 and we hit precisely 1783.46 LOD today to finish the W3 down I thought finished yesterday...Then we got the W4 up correction mid day to 1812.81 actual where 1811.91 is the precise fib W4 so we are now in or have finished the final W5 down. W5's have not been completing lately and this one may be no different. If the W5 completes, 1765.91 or 1755.03 are my targets.
The futures are up 1.5 as I write this so we may get the bounce tomorrow off todays close. My guess is a lot of shorts holding overnight for the hoped for gap down...
Also, Put/Call ratio closed today at 1.06 so lots of steam in the pressure cooker. P/C's of 1+ have historically sparked a rally.
W2 up correction from current low of 1783.46 would target 1814.03/1832.94/1863.94.
The big move down in a W3 expected in October shouldn't occur till we get this upward correction...But then remember...
"The market can stay irrational longer than you can stay solvent..."
GLTA
A.
See ya in the mid 1600's by end October
all above imho etc, etc, yada, yada