I am most excited about Alerts and Conditional Orders with Cybertrader. It is draining setting your own “mental” stops. And the alerts with Etrade aren’t as complex as Cybertrader. Alerts and conditional orders are going to take a load of work off of my back - and I expect it to increase profits (and decrease losses).
I am reading over an old email tradermike sent to me - he suggests alert templates will save a lot of time - you can just right click on a stock and fill in the price for the alert. That is a good suggestion and I will make some templates now.
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“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 closed a little weak, and there wasn’t as much volume as I would like - but the breaking of the down trendline on the Nasdaq and the QQQQ closing above the 50dma has to be good for the bulls.

“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 –

If you were wondering why the stocks to watch list was wigging out today, it was because you can’t divide something by zero. I think I have fixed the problem, so it should be okay tomorrow.

I am taking tomorrow off to move, so I am done trading for the month. This month was profitable, but not as profitable as I would like. I feel more confident in The System, so I am cautiously confident and optimistic for next month. I will be switching from E*Trade Professional to Cybertrader, so hopefully I can get the new platform down quickly and get back into a groove. Today I’ve inlcuded the 1-minute charts to show some of the volume spikes that I love:
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My father has been reading a biography on Peter Lorre, so this past weekend we watched one of his first films, M. With only twelve lines of dialog, Lorre does a great job of acting and looking like a crazed child murderer. I agree with the many film critics who say that “M is a cinematic masterpiece of visual drama” - the cinematography is great. This movie was made 75 years ago and is also interesting to see for its history - it was banned in Germany shortly after it premiered, and Fritz Lang and Peter Lorre, both Jews, soon fled the country.
Make sure to watch the best movies first, or you may not have a chance to watch them at all - and M is one of the best.

There have been reports by readers that within a span of an hour or so, hundreds of votes are being recorded on the remainder blog contest. This could be a coordinated effort by an alliance of blog contestants or manipulation by an individual. Some emails I have received accuse specific blogs of colluding with independent research providers to issue misleading reports to drive up the votes of other blogs. The accused blogs have responded with:

The allegations of the complaint against us are outrageous and defamatory and we will defend our blog and its voting practices vigorously…. Their true issue is the valuation that uglychart.com readers place on their own common blog. That disagreement should be resolved in the remainder contest, not with false allegations.

I will keep you updated on the developments.

There was an interesting article today about the Iraq Stock Exchange, which replaced the Baghdad Stock Exchange about two years ago:

As the session peaks, brokers literally shove each other out of the way and run to-and-fro between their clients and the floor. Most of the time it’s to rub off old stock prices and write new ones on the white boards fixed on the wall, a sign that electronic trading is still far away…

“…there is extreme volatility and also rich investors are getting out and leaving Iraq,” said Abbas, dressed in a smart brown suit.

But he offers a solution too.

“Open the market to foreign investors and get money into the market,” he said, adding that the government seemed scared that a big foreign investor could swallow the whole market for a few billion dollars.

Brokers, however, continue to be upbeat.

“The market is bearish but then so what … I like the rush, the frantic pace on the floor and I have been doing this for the last 10 years. I wish we had more money and tradings every day,” said the short, chirpy Eliyas.

It was a close race with Maoxian, but with 1261 votes Fallond is the fifth blog to be voted off the island. Fifteen remain.
Sorry Declan, you must leave the tribal counsel area immediately.
Why was Fallond’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.