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
The Dow closed down at 9763, on reasonable volume. A close
below 9600 should signal a reversal of the past 2
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
has crossed below its signal line for the
first time in more than 2 months.
Consumer confidence rebounds on the strength of lower
interest rates and fuel prices, while unemployment moves
Anglos up its offer - to brokers?
Brokers' objectivity is tested by AngloGold's offer to raise
their handling fees. (more)
Short-term trades: Most short term trades have been
. Avoid new entries
and tighten up stops on remaining positions.
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