Trading Diary
December 3, 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 down at 9763, on reasonable volume. A close below 9600 should signal a reversal of the past 2 months rally.
 
Bank stocks
The market moved against bank stocks on fears of Enron fallout. Middle East tensions rise. (more)
 
Australia - ASX
The All Ords closed down at 3267 on reasonable volume. The MACD has crossed below its signal line for the first time in more than 2 months.
 

 
Retail Sales
Consumer confidence rebounds on the strength of lower interest rates and fuel prices, while unemployment moves higher. (more)
 
Anglos up its offer - to brokers?
Brokers' objectivity is tested by AngloGold's offer to raise their handling fees. (more)
 




Conclusion
Short-term trades: Most short term trades have been stopped out. Avoid new entries and tighten up stops on remaining positions.
Long-term trades: Wait for a correction on the secondary cycle.
 
Colin Twiggs
 
 
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