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
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)
The up-trend continues, with the All Ords closing at
3239, albeit on low volume.
The central bank warns that the Australian economy will
not survive the global downturn unscathed.
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
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