Trading Diary
November 23, 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 at Terms of Use .




USA
The Dow closed up more than 1% at 9959 as sellers took a "long weekend" after the Thursday holiday. The market closed early, at 1 p.m., and the move took place on extremely low volumes.
 
Oil Prices
Oil prices fall as Russia fails comply with OPEC requests to cut oil production. (more)
 
Australia  (ASX)
The All Ords is still trending upwards, closing at 3271 .
 

 
MIM [MIM]
Lower metal prices have reduced MIM's profits. (more)
 

 
IncredibleCharts
Due to the tremendous response from investors, we have transferred to a more powerful server. Please alert us if you encounter anything unusual. There are bound to be a few teething problems but the move should solve the slow registrations and logins encountered over the past week.
 




Conclusion
I don't read much into the rise on the Dow, so my approach remains unchanged: 
Tighten up stops on existing long positions and avoid new entries.
Long-term trades: Wait for a correction on the secondary cycle.
 
Colin Twiggs
 
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