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Trading Diary
January 15, 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 up slightly at 9924 on an inside day. The Nasdaq 100 also steadied, closing up 0.5%.
 
Intel beats estimates
Intel reports fourth quarter revenue and earnings above analysts estimates. (more)
 
Australia - ASX
Sellers have still not overcome buying support at around 3350 - the All Ords closed at 3349 after trading lower for most of the day.
 

 
Consumer confidence soars
A market survey in Australia records the highest consumer confidence levels in four years. (more)
 
Normandy
AngloGold forced to confirm that it will not raise its' offer. (more)
Placing a stop-loss at just below $1.80 may help to lock in profits but, if there is a correction, beware of getting caught in the rush for the exits.
 

 




Conclusion
Short-term: Wait for the market to show clear direction.
Long-term trades: Wait for a correction on the secondary cycle.
 
Thought for the day: "It takes a wise man to sell in a boom. Any fool can sell in a recession." V.J. Naipaul
 
Colin Twiggs
 
 
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