Trading Diary
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 Terms of Use .

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. (more)
Microsoft [MSFT]
The US Justice department has finally reached a settlement with Microsoft, keeping Microsoft intact but allowing other software developers access to Windows source code.

Australia  (ASX)
The All Ords slipped slightly but remains above the 21-day moving average.
The All Ords slipped slightly but remains above the 21-day moving 

Westpac [WBC]
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 Losses
Colin Twiggs

Perfect Your Market Timing
Learn how to manage your market risk.

The weekly Trading Diary offers fundamental analysis of the
economy and technical analysis of major market indices,
gold, crude oil and forex.
The monthly What's New newsletter covers new articles
on Trading and the Economy, as well as new software updates.

Back Issues
Access the Trading Diary Archives.

Top of Page