November 30, 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 rose slightly, to close at 9851 on
reasonable volume, while the Nasdaq eased to
narrow trading range
signals decreasing eagerness, from buyers.
It ain't over ....
Paul Erdman dismisses talk that this is the start of a bull
Australia - ASX
The All Ords closed up slightly at 3277 on massive
volume. Far from being a positive sign take a look at
the last candle on the chart below: buyers
drove prices up in the morning only to
see sellers enter the market in large numbers and take
by the close.
Banks exposed to Enron
Four leading Australian banks have a $600 million
exposure to troubled US energy giant, Enron Corporation.
The market reaction can be seen on the Banks & Finance
Short-term trades: Most short term trades have been
. Avoid new entries
and tighten up stops on remaining positions.
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