December 10, 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 9921 on light volume,
below the 10000 support level. The S&P 500 and Nasdaq
were also down by more than 1%, but all three indexes are
still in an up-trend.
There appears little chance of the merger succeeding
as Packard and Hewlett heirs mostly oppose it. (more)
Australia - ASX
The All Ords closed down, near the 3300 support level,
on normal volume. The up-trend continues.
News Corporation [NCP]
NewsCorp stock has risen more than 9% over the last two days
on reports of a planned takeover of German media giant,
Kirche Gruppe. (more)
Newmont raises its bid with a 40 cents cash dividend as the
bidding war continues. (more)
Short-term: The up-trend continues on both the Dow and ASX.
Look for entry signals where the stop
can be set within a 2%
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