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<x-html><html><head></head><BODY bgcolor="#FFFFFF"><p><font size=2 color="#000000" face="Arial">Hi RT's:<br>Well, I just have to share my Sep. Bond's experience with everyone!<br>Today was certainly the DAY in which the bears took the market by surprise!<br>I was long since Tuesday, and made handsome profit all the way till yesterday. My technical all were showing buy signal without any sign of weakness. This morning, CNBC, before the opening, was yelling out-loud to buy bonds-this market still is going up! If anyone is a follower of "contrary opinion," this was certainly a sell signal!!!!<br>Recently, I've become a subscriber to the CBOT's Market Profile. After reviewing yesterday's market activity, it was evident that there was a massive selling pressure in the Bond's market! In despite of, the market closed higher(116.25), the Market Profile was giving a hint that the bulls can't hold this market any longer! <br>I overlooked this fact, and the bond market took all my gains for this week in only two hours of trading!! The lesson: pay more attention to the structure of this market, there is a logic behind it. And the only way to see it, is via the CBOT's Market Profile. <br>Just wondering, if anyone is using the Market Profile to trade the Bonds?<br>Thanks for your time!<br>Frank<br><br></p>
</font></body></html></x-html>From ???@??? Fri Aug 01 06:35:37 1997
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Date: Fri, 01 Aug 1997 09:22:09 -0700
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From: Thomas Brun <TDBRUN@xxxxxxxxxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Subject: Gen: tax cut ?
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Hello,
Has anyone heard how the capital gains tax cut will treat gains on
futures Contracts? In the past gains and losses were treated as 60%
long term and 40% short term. If Form 6781 isn't changed then the tax
for profits on futures contracts should be taxed at a maximum rate of
18.8%.
Short term gain: 20% tax rate.
Long term gain: 18% tax rate.
60% x 18% = 10.8% Long term
40% x 20% = 8.0% Short term
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18.8% Total
Does this sound correct?
Regards,
Tom..
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