November 27, 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
The Dow closed down by more than 1% at 9872 on strong
volume, following poor consumer confidence figures. A
stocks faired only slightly better with
the Nasdaq down to 1609.
Consumer confidence recorded a further sharp fall in
November as unemployment rises. (more)
The 'R' word
It's now official,
economists pronounce that the US economy entered a
recession in March. (more)
The All Ords continues to trend upwards, closing
at 3291 on good volume.
Coles Myer closes up more than 5% on promises of a profit
Take a breather today, while the Australian markets react to
the drop in the US. Tighten up
and avoid new trades.
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