Trading Diary
November 12, 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 .




USA
The Dow fell to 9554 after Friday's weak attempt to break through the 9600 resistance level.
 
Can the market hold onto its gains?
The sharp fall in the US producer price index indicates slack demand and falling sales. (more)
 
When the recovery comes
Along with sales, corporate costs are also falling: oil prices, commodities, labor costs and interest rates. Expect profits to soar when sales do recover. (more)
 
Australia  (ASX)
The up-trend continues, with the All Ords closing at 3239, albeit on low volume.
 

 
RBA warning
The central bank warns that the Australian economy will not survive the global downturn unscathed. (more)
 




Conclusion
Trading in the market requires patience. It is risky to enter the market this late in the trend, so hold on to existing long positions and keep your stop losses tight.
 
 
Colin Twiggs
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