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Trading Diary
December 13, 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 .




USA
The Dow was down more than 1% and the Nasdaq more than 3%, an hour before the close. We still have an up-trend but there are signs of weakness, including a bearish divergence on the MACD indicator.
 
Lucent
Lucent Technologies suffers a setback. (more)
 
Retail Sales
November retail sales drop sharply. (more)
 
Australia - ASX
The All Ords closed down at 3259, again below its 21-day moving average. Note the bearish divergence on the MACD, signaling a reversal.
 

 
Health & Biotechnology
The Health and Biotechnology index is also showing weakness.
 

 




Conclusion
Short-term: The market is showing weakness. Tighten up your stop losses and exit on strong reversal signals.
Long-term trades: Wait for a correction on the secondary cycle.
 
Colin Twiggs
 
 
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