November 19, 2001
This is my daily 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
An hour before the close, the Dow was up more than 1%
at 9976, testing the 10000 resistance level. Volume was
New Housing Starts
New housing starts, a leading indicator, fall.
The All Ords closed up slightly, at 3267, on light volume.
The up-trend on the secondary cycle is still intact,
although we may see a test of
later in the
James Hardie [JHX]
Building company, James Hardie, reported a first half profit
slump with weak US markets. (more)
Cochlear reports a slow-down in sales but sticks to long-term
20% growth target. (more)
Dividends have grown by a minimum 25%
p.a. over the past 5 years.
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Forewarned is Forearmed
Divergences on Twiggs Money Flow give early warning of trend changes, combining price & volume to reflect buying & selling pressure.
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