January 7, 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
The Dow closed down at 10197 on reasonable volume, but the
up-trend is intact.
The more volatile Nasdaq closed down 1.5% at 1649, also
still in an up-trend.
AOL reduces earnings expectations
The slowdown in advertising spending has hurt AOL
Australia - ASX
The All Ords closed up at 3385 on reasonable
volume. The 20-Day
is in overbought territory, confirming that
this is not a good time to enter the market.
The bearish MACD
divergence has weakened further.
Rumors of a takeover by US giant, Kimberly-Clark.
Strong December retail sales are a good
sign for the year ahead. (more)
Short-term: Don't jump in yet. The outlook may look rosy, but
wait for the signal
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