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
The Dow closed down slightly at 9713 on
lower volume - an inside day where sellers failed to breach
the 9650 - 9700 support level. The Nasdaq 100, on the other
hand, is in a clear down-trend, closing down 3% at
The market is downgrading computer stocks
while Amazon records its first ever profit of $5 million
($.01 per share). (more)
Australia - ASX
The All Ords closed up at 3363 on strong
Takeover fever in the Gold
The market expects further
consolidation with stocks of Newcrest, WMC and
Goldfields rising. (more)
Short-term: Wait for the MACD or MACD Histogram to signal
an entry point.
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