Home Site Map About Us Privacy Policy Advertise (pdf) Contact Us
 
 
sitesearch
 

 

Trading Diary
November 13, 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 has broken out above the 9600 resistance level, closing at 9750 on strong volume. A sign that the up-trend has resumed.
 
Taliban retreat boosts the Dow
The market appears to have taken heart from the news from Afghanistan. (more)
 
Australia  (ASX)
The All Ords was down yesterday after a quiet day on US markets. There should be a positive reaction today after the overnight gains on Wall Street.
 

 
 




Conclusion
The All Ords has been in an up-trend for some time and US markets have just broken above short-term resistance levels. It is risky to enter the market this late in the trend but I will increase short-term positions on stocks showing positive signals, provided stop losses can be placed within my 2% maximum acceptable loss.
I will continue to wait for a pull-back before entering any long-term positions. 
 
Colin Twiggs
  • Please forward this to your friends or colleagues.
  • To be included on our mailing list, reply to this Email adding MAIL ME to the subject title. All details submitted are protected by our Privacy Policy.
 


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