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Trading Diary
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 found at Terms of Use .




USA
The Dow closed up slightly at 9811, forming a weak hook reversal. 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 on the MACD signals a reversal.
 

 
The Australian Dollar
The Aussie may be forming a double bottom - a close at 54 US cents will complete the pattern. (more)
 




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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