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
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
Australia - ASX
The All Ords posted weak gains, closing at
3268 on light volume. By the close, sellers had taken
Media laws to be reviewed
Senator Alston confirms that media cross-holdings
and foreign ownership laws are to be
Newscorp's Star Television now has permission to
broadcast in China. (more)
Short-term: The Dow and All Ords still show weakness. Tighten
up on stop
and avoid new entries.
Please forward this to your friends and colleagues.
To be included on our mailing list, reply to
this Email adding MAIL ME to the subject title. All
details submitted are protected by our
Access the Trading Diary Archives.
Active or Reactive?
Many investors follow active strategies but end up being reactive, rotating in and out of stocks at the wrong time.
Manage risk and improve your market timing with Colin Twiggs' weekly review of the global economy.
Join our free Trading Diary mailing list with > 140,000 subscribers.