January 14, 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 9891 on increased
has completed a bearish
. The Nasdaq 100
fell 1.86% and the S&P 500 fell 0.63%. None of the 3
indexes has yet broken from its up-trend.
Merrill stock allocation
Merrill Lynch recommend that clients increase their exposure to
bonds, saying stocks are overpriced. (more)
Australia - ASX
The All Ords closed down at 3350 on lighter
volume, with insufficient selling pressure to overcome support
Westfield has to share the spoils [WSF]
In a 3-way deal with two of its US rivals,
Westfield will acquire 43% of Rodamco's North
America portfolio. (more)
Short-term: Wait for the uncertainty to clear.
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