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Trading Diary
January 24, 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
Another indecisive day, with the Dow closing up at 9763 but not breaking out of the 9600 - 9900 trading band - another inside day. The more volatile Nasdaq 100 bounced up a further 1% to close at 1565 but is still in a down-trend. More losses are expected to be announced on Friday.
 
Greenspan: The worst is over
The Fed chairman is more optimistic about economic recovery. (more)
 
Gateway
PC maker, Gateway warns of losses ahead. (more)
 
Australia - ASX
So much for the doji star - the All Ords rose to 3372 on stronger volume. There is still no signal from the MACD (26,12,9) or the MACD Histogram (100,50,30).
 

 
WMC [WMC]
Alcoa denies rumors of an imminent takeover bid. (more)
 




Conclusion
Short-term: Wait for an entry signal.
Long-term trades: Wait for a correction on the secondary cycle.
 
Colin Twiggs
 
 
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