Chart Pattern Recognition a Third Grader Could Do

Posted on by The INO.com Team

Don't let the title fool you, chart pattern recognition is a difficult skill to learn, and even hard to master. Today's post comes to us from Amey from TheWildInvestor.com, and it's a good one! Please enjoy, comment, and enjoy the day.

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I like to keep things simple, and that definitely holds true in the world of stock trading, and since I am a pure technical analyst that makes the process even simpler. For the most part, I use screeners, such as the one inside MarketClub, to shift through possible stocks to play. Yeah, sure it works time from time, but even that is a little too much work for me. Luckily, I found a strategy that a third grader could even follow.

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Trader's Blog Contest For September

Posted on by lindsay

“Do you think that a 2nd term for Bernanke is the best move for the country?”

Bernanke's term is set to expire on January 31, 2010, however Obama has reappointed Bernanke for a second term. Is this the right move for the United States of America? Just leave a comment stating if you think a 2nd Bernanke term is the right move or not. Feel free to simply leave yes or no in the comment area of this post, or leave a detailed comment, but remember - no profanity or hate words. ONE-COMMENT PER PERSON OR YOU WILL BE REMOVED FROM THE CONTEST.

Prize (as seen in the picture)

Winner will receive...

MarketClub Hat, MarketClub Zip Drive & 1 Complimentary Month of MarketClub

*Shirt, nor Melissa is included in the gift pack.

How To Enter:

Comment on this post telling us your thoughts about Burnanke's reappointment. Add a little bit of commentary or opinion if you would like to... just keep it clean and remember that there is only one entry per person.

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Rules

1. This contest is open until 11:59 PM (Eastern) on September 30th, 2009.

2. No wrong answers. Any participation counts as an entry.

3. One entry per email address.

4. Winner will be picked by random integer software.

5. Winner will be contacted on Thursday, October 1st, 2009 via email.

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Good luck!

Trader's Blog Contest Winner For August

Posted on by lindsay

The winner of the August contest, where we asked "Do you think the recession is easing, or is there another downturn in sight?" is random comment number 399. We had 449 responses, but only 423 eligible comments.

After counting the responses, 27.2% said easing, 66.8% said there was a downturn in sight, and 6% dodged the question all together.

Congrats… Russell Wilson from the US

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We will be contacting you shortly via email address you supplied to get your complimentary subscription to INO TV and MarketClub set-up. If you are Russell and have not hear from us within 24 hours, please give our support team a call.

Don't forget to enter September's Contest, where we ask, "Do you think a 2nd term for Bernanke is the right move for this country?" Thanks for participating... keep it up cause we love to hear from you.

Best,

The MarketClub Team

If you haven't gotten in on the Trader's Blog August contest, you still have time.

Posted on by lindsay

You still have time to enter the Trader's Blog contest where we asked, "Do you think the recession is easing, or is there another downturn in sight?" If you've already put in your response then check back tomorrow for the winner, but if you haven't you only have a few hours left.

Click To Enter Trader's Blog Contest for August

Best,

Lindsay Thompson & The MarketClub Team

Why Are We Such Suckers For Prediction?

Posted on by The INO.com Team

It doesn't matter what news source is your "go to" they tons of insane, and often, wrong market analysis...so why do we still watch? In this article Charles Maley from ViewPointsofaCommodityTrader.com takes a stab at digging into our psyche...enjoy the article!

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I keep CNBC on all day while I work. Perhaps I think I will miss something, or maybe it’s the background noise that’s appealing. In any event, what I always find amazing is the parade of experts making one prediction after another. I think I would fall out of my chair if I heard one of them say “Well, to tell you the truth Mark, I have no idea”.
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