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Trading Diary
December 19, 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 breezed through the 10000 level, closing at 10070 on strong volume. The next resistance level is at 10200, the last peak. The Nasdaq headed in the opposite direction, closing down 1.75% at 1628.
 
Tech stocks lose their shine
Semiconductor stocks lead the Nasdaq retreat. (more)
 
Australia - ASX
The All Ords posted weak gains, closing at 3268 on light volume. By the close, sellers had taken control.
 

 
Media laws to be reviewed
Senator Alston confirms that media cross-holdings and foreign ownership laws are to be reviewed. (more)
 
Newscorp [NCP]
Newscorp's Star Television now has permission to broadcast in China. (more)
 




Conclusion
Short-term: The Dow and All Ords still show weakness. Tighten up on stop losses and avoid new entries.
Long-term trades: Wait for a correction on the secondary cycle.
 
Colin Twiggs
 
 
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