Good Luck Stevenson High School's Economics Club

About a month ago we received a passionate email from an economics teacher at Adlai E. Stevenson High School in Lincolnshire, Illinois. He informed us that he had created an economics club at his school to increase financial literacy and show students how technical analysis can interface with their financial future. His club also participates in "The Stock Market Game" (a program of the SIFMA) to compete with other schools, both locally and nationally. After a request to have a discounted MarketClub subscription rate for his students, we decided that MarketClub would go ahead and sponsor his 6 student groups and provide free memberships.

We were even more excited after researching this high school's impressive reputation in the academic community. This 'Blue Ribbon' school (as awarded by the US Department of Education), has been listed for the last three years in Newsweek, US News and World Report's list of America's best public high schools. This school boosts a 96.3% graduation rate, with 98% of those graduated students attending a 2 or 4 year college. How could you not have have great students, when you have teachers that reach out for the greater benefit of their students?

We would like to wish the 6 groups of Stevenson's economic club the best of luck as they participate in the stock game. We know that with the support of their teacher and with the added analytical tools of MarketClub, they will do great. We'll keep our Trader's Blog community abreast of this economic team's accomplishments.

Thanks for reaching out to us,

The MarketClub Team

Traders Toolbox: Reversals Revisited...

Trader's Toolbox

At MarketClub our mission is to help you become a better trader. Our passion is creating superior trading tools to help you achieve your goals -- no matter which way the markets move -- with objective and unbiased recommendations not available from brokers.

The Trader's Toolbox posts are just another free resource from MarketClub.

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Image Reactions Within A Downtrend

"Reversals In my opinion, one of the most misused and abused terms in technical analysis is the reversal or key reversal. I often get calls from both new and experienced traders who are excited about a market because it has just posted a “key reversal.” While the action these traders point to often marks a reversal day, such a day (week or month) by itself actually has little significance. There is research which indicates single period reversals mark a turn only about 50% of the time. Which gives about the same odds of indicating a turn using a coin flip..."

Revisit the Trader's Toolbox Post: "Reversals" here.

Trader's Blog Contest For November (Shortened to 2 weeks)

“What trade are you thankful for this year?”

This month's contest is shortened to two weeks as we have our 'Holiday Give Away' starting mid-November.

This months contest is super simple.  Just write a brief note about a trade that you are thankful for this year. Did you get in Apple (NASDAQ_AAPL) @ $137, in Gold (FOREX_XAUUSDO) @ 950, or did you made a killing off of EURUSD (FOREX_EURUSD)?

Just leave a comment on this post telling us about a trade that you are thankful for this year. There is no wrong or right answer. The winner will be chosen randomly. ONE ENTRY PER PERSON OR YOU WILL BE REMOVED FROM THE CONTEST.

Prize Winner will receive...

MarketClub Winter Shirt

2 Complimentary Months of MarketClub

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How To Enter:

Comment on this post telling us about a trade you are thankful for this year. You may add a little bit of commentary or analysis if you would like to... just keep it clean and remember that there is only one entry per person. All multiple entries will be deleted without notification.

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Rules

1. This contest is open until 11:59 PM (Eastern) on November 15th, 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. Monthly Prize Winner will be contacted on Monday, November 16th, 2009 via email.

Good luck!

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WINNER - Picked @ 10:15 AM (EST), 11/16/09

The winner of this shortened drawing is Avinash. Avinash was our 23rd comment where the response was "Way lucky to buy Gold around $980."

I will be contacting this winner via email to your address of where I can send you prize.

Thank you all for entering and please don't forget to sign-up for our big Holiday Giveaway, where we will be giving around over $5,000 in trading products throughout the month of December.

Best,

The MarketClub Team

Trader's Blog Contest Winner For October

The winner of the October Trader's Blog contest, where we asked "At what price will the DOW close fo the last day of 2009?" is random comment number 117. We had 203 responses, but only 187 eligible comments.

The random winner is...

Dan G. of Manassas, Virginia

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We will be contacting you shortly via email address to obtain your postal address so we can send your prize pack.

Don't forget to enter November's Contest, where we ask, "What trade are you thankful for this year?" Thanks for participating... keep it up cause we love to hear from you.

Best,

The MarketClub Team

Don't Be Spooked About Entering The Trader's Blog Contest

Happy Halloween! Enter yourself in the October Trader's Blog Contest before midnight tonight, the night of All Hallows Eve, for a change to win a treat. Don't be scared... just comment on the question below:

“At what price will the DOW close for the last day of 2009?”

To read about the contest details or the prize packs you could win, visit the Trader's Blog Contest Page. The DOW could be the most frightening thing you'll see this year... enjoy the night of tricks and treats.

(Please read this in your head with the accent of Count Dracula!)

*Don't submit your answer on this post... instead comment on the Trader's Blog Contest Page.