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Trading Diary
January 8, 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 at Terms of Use .




USA
The Dow closed down further at 10150, on light volume. The up-trend is still intact.  
While the Nasdaq closed up 1.0%.
 
Job cuts continue
General Motors plans to cut salaried staff by 10%. (more)
 
Australia - ASX
The All Ords corrected to 3364 on stronger volume. The 20-Day Slow Stochastic is still in overbought territory.
 

 
 
PBL shake-out [PBL]
PBL restructures to take advantage of media and gaming opportunities. (more)
 




Conclusion
Short-term: Wait for a signal from the MACD/Stochastic or MACD Histogram.
Long-term trades: Wait for a correction on the secondary cycle.
 
Colin Twiggs
 
 
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