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Trading Diary
November 26, 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 is still hesitant near the 10000 resistance level, closing at 9982 on reasonable volume. The Nasdaq made a stronger showing, closing up more than 2% at 1619.
 
Online Sales Soar
Consumers seem to be favoring the safety and security of shopping online. AOL experienced a massive 80% rise in October sales. (more)
 
Australia  (ASX)
The trend on the All Ords is still strong, closing at 3285 .
 

 
Banks & Finance
The Banks & Finance index appears to be weakening after a strong run, the MACD has crossed to below its signal line.
 

 




Conclusion
Entries this late in the trend are higher risk. Make sure that stops can be set within a limit of 2% on short-term trades.
Long-term trades: Wait for a correction on the secondary cycle.
 
Colin Twiggs
 
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