sitesearch
 

 

Trading Diary
December 20, 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
Two hours before the close, the Dow is down 40 points and showing uncertainty. The Nasdaq has now commenced a down-trend, breaking below support at the previous trough, after recording a lower peak.
 
Tech stocks continue to slide
Investors bail out of tech stocks. (more)
 
Australia - ASX
The All Ords closed up at 3286 on weak volume.
 

 
Banks & Finance
The Banks and Finance Index is showing positive signs:

 




Conclusion
Short-term: The Dow is show weakness while the Nasdaq has entered a down-trend on the secondary cycle. Tighten up on stop losses and avoid new entries.
Long-term trades: Wait for a correction on the secondary cycle.
 
Colin Twiggs
 
 
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 Privacy Policy.
 
Back Issues
Click here to access the Trading Diary Archives.
 


How Good Is Your Market Analysis?
Compare our market views.





The weekly Trading Diary offers fundamental analysis of the
economy and technical analysis of major market indices,
gold, crude oil and forex.
The monthly What's New newsletter covers new articles
on Trading and the Economy, as well as new software updates.




Back Issues
Access the Trading Diary Archives.





 
Top of Page