December 6, 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 slightly at 10097 after trading in a
narrow range for the day, on reasonable volume. The
Dow, S&P 500 and Nasdaq are all showing
but are still
in an up-trend.
Job Cuts Record
Job cuts in 2001 stand at 1.8 million, 3 times the total
for last year. (more)
Australia - ASX
The All Ords has run into resistance at around 3300,
retreating from a morning rally to close at 3293 on strong
volume. Sellers are back in control but the up-trend
Australia in a strong position
RBA governor, Ian McFarland, feels that Australia is in
a strong position to withstand the effects of the global
Emotion, The Investors Enemy
A top US fund manager speaks on managing your emotions.
Short-term: Continue to look for entry signals where
can be set within a 2%
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