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
Two hours before the close, the Dow is down 40 points and
showing uncertainty. The Nasdaq has now commenced a
, 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:
Short-term: The Dow is show weakness while the Nasdaq has
entered a down-trend on the secondary cycle. Tighten
up on stop
and avoid new entries.
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