Home Site Map About Us Privacy Policy Advertise (pdf) Contact Us
 
 
sitesearch
 

 

Trading Diary
January 1, 2002

These are extracts from my daily stock trading diary. They are 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 .




New Year Resolutions
Our resolution for 2002 is to continue the phenomenal growth experienced in 2001:
  • Our immediate goal is to achieve 1 million page impressions in a month. Present figures are 400,000 to 500,000. 
  • This will enable us to expand the range and depth of free services offered by Incredible Charts.
Plan the work and work the plan
A good resolution for traders is:
  • To develop a sound trading system and to stick to it.
The greatest strength that a trader/investor can have is ability to stick to their preconceived plan in the face of continual doubts, fears and conflicting information. (more)
 
The first quarter
January is normally a good month for investors, with stocks rising by more than the average month. February and March historically yield below-average returns. (more)
 
USA
The latest rally on the Dow has failed to make a new high, indicating uncertainty, while the bearish MACD divergence is still evident. The down-trend on the Nasdaq continues.
 
The year ahead
Forecasters are predicting that the mild recession will end and be followed by a gradual recovery. (more)
 
Last year
Even the most pessimistic forecasters failed to predict the depth of the recession in 2001. (more)
 
Australia - ASX
The All Ords has climbed to 3360 on weak volume. The challenge here is to stick to the trading plan: there is still a bearish divergence on the MACD so avoid new entries.
 

 
 




Conclusion
Short-term: The Dow still shows weakness and the Nasdaq is in a down-trend. Tighten up on stop losses and avoid new entries.
Long-term trades: Wait for a correction on the secondary cycle.
 
Best wishes for the year ahead.
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