November 2, 2001
This is my daily short-term stock
trading diary. It is intended to illustrate the
techniques used in short-term share trading and should not
be interpreted as investment advice. Full terms and
conditions can be found at
The Dow closed slightly up at 9323, still within the 9000 to
9600 trading range.
Unemployment rose to 5.4% in October from 4.8% in September.
Most economists are still predicting a recession.
The US Justice department has finally reached a settlement
with Microsoft, keeping Microsoft intact but allowing other
software developers access to Windows source code.
The All Ords slipped slightly but remains above the 21-day
Westpac reported good results apart from a worrying increase
in bad debt provisions. (more)
An anaesthetist friend describes her job as "99%
boredom 1% panic". The market can be like that as well -
you just have to prepare well for the "1%".
This is a period of uncertainty, hold on to existing long
positions but tighten up on Stop
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