Trading Diary
December 4, 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 .

The Dow closed up more than 1% at 9893, on reasonable volume. The strength of this short-term rally will give an indication of the state of the intermediate rally of the past 2 months. The Nasdaq rose 4% to close at 1634, near to its 2 month high.
Cisco stocks rise on "cautious optimism". (more)
Australia - ASX
The All Ords closed lower at 3263 on reasonable volume. The MACD Histogram, often used by short-term traders to signal market direction, has turned down at [S], confirming the decision to avoid new long positions.

Have a strategy and stick to it
Good advice from Roger Montgomery and Daryl Guppy. (more)

The direction of the Dow and the All Ords are both uncertain.
Short-term trades: 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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