November 20, 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 found
The Dow retreated to close at 9898 after encountering
selling pressure near the 10000 resistance level. We may
see a pull-back in the week ahead, testing support levels.
Good signs for recovery
Even if there is a correction, the strength of the
current rally is a good sign for a recovery next year.
The All Ords closed up at 3288, on reasonable volume.
The up-trend on the secondary cycle is still intact, as
evidenced by the signal on the
detrended price oscillator
Anglo may add cash
AngloGold may add a cash component to its offer
for Normandy. (more)
The Dow is showing weakness. Return to the sidelines and
wait for conditions to improve.
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