January 16, 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 fell by more than 2% to close at 9712 on strong volume.
The S&P 500 closed down 1.6% and the Nasdaq 100 was
Intel and JP Morgan raise recovery
Intel cuts back on capital spending and JP Morgan misses profit
forecasts due to bad loans to Enron and Argentina.
Australia - ASX
The All Ords rallied to 3367 on reasonable volume, as buyers
entered the market at the 3350 support level. There is still no
market signal from the MACD
Flight Centre soars [FLT]
Flight Centre bravely forecasts a 10% increase in half year
Short-term: Stay out while the Dow falls.
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