December 14, 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 up slightly at 9811, forming
. The Nasdaq
and S&P 500 also closed in positive territory.
Shopping for Biotechs
The big US drug companies are adding biotechs to their
Christmas list. (more)
When everyone's selling
Stocks dropped from the big indexes are
a possible trading opportunity. (more)
Australia - ASX
The All Ords closed down further at 3238, on
weak volume. The bearish divergence
signals a reversal.
The Australian Dollar
The Aussie may be forming a
- a close at 54 US
cents will complete the pattern. (more)
Short-term: The market is showing weakness. Tighten up
and exit on strong reversal signals.
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