November 29, 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 halted its downward slide, closing up at 9823
on reasonable volume. The
Enron close to collapse
Collapse of the US energy giant could be the largest
bankruptcy in 20 years. (more)
Australia - ASX
The All Ords closed down at 3267 on good volume.
A sign that the trend is weakening.
Banks & Finance
The Banks & Finance index, on the other hand, has
signaled the start of a down-trend (secondary cycle),
breaking below the support level formed by the recent trough.
on the secondary
cycle is always signaled by a lower peak [LH] followed
by a break [LL] below the previous trough.
Anglos adds cash
Anglo Gold adds a 20 cents per share cash dividend to its
offer for Normandy. (more)
Stay on the sidelines. There is still a lot of uncertainty in
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