December 18, 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 more than 1% at 9998, again
running into resistance at the 10000 level.
Motorola cuts jobs
More job cuts from Motorola and GE. (more)
Australia - ASX
Buyers returned to the market, with the All Ords
closing at 3264 on reasonable volume. The
continues to signal weakness.
Banks cautious on Austar debt [AUN]
Austar has until 31 December to roll over its $400 million of
debt facilities. (more)
Banks & Finance
Detrended Price Oscillator
signals that the Banks and
Finance index is strengthening. Watch for a break above
8900 with strong volume.
Short-term: The Dow and All Ords are showing weakness.
Tighten up on stop
and avoid new entries.
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