which would be just great, imho. of course, ever the devil's advocate, i can see the other side: not fair to those who have greater need, or who are working hard and paying all the taxes traders aren't, blah, blah, blah.... i tell you what, though, if trading did go the way of less taxation, it would just encourage more folks to become traders, which would be great for the big boys, because then they'd have even more small trader dollars to gobble up....
Today's dragon posted above was an excellent example for this. Sometimes we get a full blown rally from the 3rd bottom, or just like today a bounce which was only half of the height of the W. There is simply no way of telling or at least I couldn't find a way.... That's why I said earlier that the dragon pattern of the daily chart is played out....
Might look suicidal the way things have been past sessions but then again, reward might be worth it due to the lows that were broken (11 yr lows).
Added : BOT 20 DEC XLF 9 CALLS @ 1.29 S1 at 722 likely to be hit today before any rally 739 is weaker support
I know it's off-topic but there is an interesting mention in this article as to things to come... http://money.cnn.com/news/newsfeeds/articles/djf500/200811201733DOWJONESDJONLINE000892_FORTUNE5.htm Harkin's new bill, dubbed the Derivatives Trading Integrity Act, would eliminate the distinctions in the law between excluded and exempt commodities, treating them all the same. This is the stuff that will put retail trading at risk.
i just found BlackGuard/Regal............. http://www.webstockpro.com/Photodisc2/56678247.Portrait-of-a-mid-adult-man-Photo/