Paullie, Tonight on CNBC, Ralph Bloch. . .an excellent TA'r and the only market analyst I pay attention to. . .said he expects 3200 to be the bottom. . .and feels there is little chance we move forward without heading lower. . . though he expects we get a brief relief sometime next week. . .which he recommends selling into. . .
It has been way cool to predict the market moves, then a few days or weeks later getting confirmed by Ralph Bloch's TA. I've said before that when that happens, I get an extra shot of confidence in my trading. . .which I enjoy.
LPTH - we're still wanting this one, but it is moving along with the rest of the market. . . fully expected.
If the bulk of your income is from your trading, then you are a professional trader. You are in the business of trading. . . which means you can write off financial memberships, commissions, quote services, calls to companies, seminars, books even your Wall Street Journal. You need not have a business address. . .you can work from home. . .and if you have dedicated an area of your home strictly for your business transactions, you can write off that percentage of your home payments as home office expense. Tax laws are highly complicated, however, and there are many tiny details that must not be ignored. I'm not a tax advisor. . .please consult one for complete instruction. Also, for the do-it-yourselfers. . .the J.K. Lasser book is very good at getting right to the point. . .and is available at every book store.
As for predictions. . . .make sure you don't forget to VOTE!
Thanks much,
Rande Is
PS> Glad you are settled in. . . you are rarely in one place more than about a month, huh? Guess that keeps things from getting old. Best wishes to you and your family. |
