January 18, 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
, with the Dow closing
down at 9771 on reasonable volume. The Nasdaq 100 closed down
3.3%, resuming the down-trend on the
Tech stocks pull down the market as IBM fails to meet
revenue targets and Microsoft warns of difficult times ahead.
Australia - ASX
The All Ords closed down at 3331 on normal volume. The 20-day
slow Stochastic gives a bear signal.
AngloGold abandons its bid for control of Normandy,
after winning only 7 to 8% of acceptances. (more)
Santos slides [STO]
The Adelaide-based oil and gas stock dropped
more than 7% on a 10% fall in 2001 profits. (more)
Short-term: Buyers should stay clear of the market.
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