December 12, 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
with the Dow closing
at 9894 on strong volume. The S&P 500 closed largely
unchanged while the Nasdaq closed slightly up at 1669.
Headed for a ranging market?
S&P's Paul Cherney says that the market has
"a positive tone but is unable to put together a
significant and uninterrupted up-trend" (more)
Australia - ASX
The All Ords closed down sharply at
3265 on strong volume, breaking below the 3300
support level. The first time in more than 2 months that
the All Ords has closed below its 21-day moving
NAB cuts its' losses [NAB]
NAB sells part of loss-making US mortgage operations, in
a "tough selling environment". (more)
Short-term: There is now uncertainty in both the US and
Australian markets. Tighten up
and wait for clear direction before
making new entries.
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