“It is one of the great paradoxes of the stock market that what seems too high usually goes higher and what seems too low usually goes lower.” - William O’Neil

– Click here for today’s full list –

“It is one of the great paradoxes of the stock market that what seems too high usually goes higher and what seems too low usually goes lower.” - William O’Neil

– Click here for today’s full list –

I have modified the all-time high list to put an asterisk (*) next to stocks that are also on the top 100 alpha list. It is in the column where the CCI used to be (I took that out as I didn’t find it as useful). This subgroup of stocks are the strongest of the strong.

With 1316 votes, Alchemy of Trading II is the first blog to be voted off the island. Nineteen remain.
Sorry Stephen, you must leave the tribal counsel area immediately.
Why was Alchemy’s Blog voted off next? How has this changed strategies and alliances?
Tune in next Sunday to see who will be voted out next in Remainder: Stock Market Blogs.

Phenethyl isothiocyanate is a substance that has been shown to treat and prevent cancer. I mentioned this chemical in a recent post about the Cruciferae vegetables. A recent study shows that these vegetables and curry spice were effective on mice with human prostate cancer tumors. Brussels sprouts are little green balls of health - now even better with curry.

“It is one of the great paradoxes of the stock market that what seems too high usually goes higher and what seems too low usually goes lower.” - William O’Neil

– Click here for today’s full list –

The Wall Street Journal had an article last week about wealthy people who have made arrangements to have their bodies frozen in liquid nitrogen after they die. They are also willing their money to themselves:

With the help of an estate planner, Mr. Pizer has created legal arrangements for a financial trust that will manage his roughly $10 million in land and stock holdings until he is re-animated. Mr. Pizer says that with his money earning interest while he is frozen, he could wake up in 100 years the “richest man in the world.”

At least a dozen wealthy American and foreign businessmen are testing unfamiliar legal territory by creating so-called personal revival trusts designed to allow them to reclaim their riches hundreds, or even thousands, of years into the future.

Thomas Katz, an estate planner at the law firm Ruden McClosky in Fort Lauderdale, Fla., believes cryonics could raise fundamental legal quandaries. Upon coming back to life, for instance, would a person have to repay their life insurance? “Our legal notion of death is pretty fixed. The scientific notion might not be as time goes by,” Mr. Katz says.

Edward O. Thorp, a hedge-fund industry pioneer, created a cryonics trust in 1997 funded by a $200,000 life-insurance policy. At 73, he says he’s now arranging a larger trust — of between $1 million and $50 million — which he will direct to invest in no-load index-tracking mutual funds to avoid management and trading fees. He puts the odds of a person frozen today coming back at 2%. “I figure it’s worth a lottery ticket,” says Dr. Thorp, who has a Ph.D. in mathematics.

Good morning, my name is Ugly, and I am a loser. I have it in me to do serious financial damage to my account.

Dear Diary,
Today was a pretty bullish day - the market has rebounded nicely from the deep sell off on Friday. The Nasdaq looks to have held its 50dma and its up trend line. I am optimistic about new highs in the future. However, a break of 2241 would be bearish. The QQQQ is also holding onto its up trend line since October, while feeling resistance at the 50dma.

The volume today was nice, I would like to see it break over the 50dma strongly. That would be evidence for higher highs.
NDAQ and GROW, both on the top 10 list for alpha, rose strongly.
I used to love CMG burritos until I realized that they have all the fat and calories of a big mac.

Don’t forget to vote for the stock market blog remainder contest!

* user agreement — how to use ugly picks

news24.com had an interview last week with GM Topalov’s view on computers and chess:

“At the present moment I don’t fear humans. Computers I think are very strong,” the Bulgarian grandmaster said.

“The problem against computers is you cannot scare them. This is a big problem, you cannot bluff, (there’s) no psychological fight … The good thing is I don’t care if the computer calculates 100 million moves per second, or 200 million, for me it’s about the same, I don’t see any difference.”

Topalov says that in ten years, computers will be better than 99.9% of humans. I think that is the case now (maybe even 100%), and in ten years the game may be completely solved, like checkers practically is today. As you can see from Kurzweil’s chart, he predicts that by 2013 we will have the computing power to produce a simulation of a functional human brain.

Nootropics are drugs that bolster cognition, lucidity, memory, mood, oxygen and glucose utilization, blood circulation in the brain, or a combination of these or other factors. The only nootropic I use while trading is caffeine, but I am going to try Ritalin. I will let you know how it goes.
I also take a daily multivitamin that contains some vitamins and nutrients which exhibit nootropic effects.
Nicotine is a nootropic - do any of you smokers think it helps you to trade?
Wikipedia has a nice list of nootropics.
I believe this will become a serious topic for traders in the near future.