Trading Diary
January 21, 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 NYSE and Nasdaq were closed Monday, in observance of Martin Luther King Jr. Day.
On Friday the Dow fell to 9771. The week ahead will tell whether there is sufficient selling pressure to breach the 9650 - 9700 support level of the last month.
 
Intel
Intel posted a 20% revenue drop in the 4th quarter and warns that things may get worse before they improve. Some speculators take this as a buy signal. (more)
 
Australia - ASX
The All Ords recovered slightly to 3343 on light volume. The MACD still shows a bear signal.
 

 
Woolworths
Woolies reports a strong 2nd quarter. (more)
 
Amsterdam Option Traders
Sydney brokers, AOT, are under investigation by the ASIC in connection with a $14 billion "spike" in the market on the last day of the 2000/01 financial year. (more)
 




Conclusion
Short-term: Buyers should stay clear of the market.
Long-term trades: Wait for a correction on the secondary cycle.
 
Colin Twiggs
 
 
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