January 3, 2002
These extracts from my daily stock
trading diary 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
An hour before the close, the Dow was up 0.5% on reasonable
volume. There may well be a test of the 10200
resistance level before the close. The bearish MACD
The Nasdaq climbed almost 3% to reverse
- a higher trough followed by a break above the level of
the previous peak.
Tech gains lift the market
Slightly increased chip sales have lifted the tech sector.
Australia - ASX
The All Ords closed down at 3359 on light volume. It
appears that the big money is at the cricket and will only
return to the market next week (or maybe by Friday afternoon -
the way the South Africans are playing).
I am still anticipating a downward correction after the
Here we go again:
Short-term: Tighten up on stop
and avoid new entries.
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