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Trading Diary
January 25, 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 Dow rallied to close at 9840 on light volume while the Nasdaq 100 sank slightly, closing at 1558.
 
Enron
Former vice-chairman, Cliff Baxter, found dead with a suicide note. (more)
 
Australia - ASX
The All Ords encountered more selling pressure as it closed up at 3383. The fatter bar on the equivolume chart indicates higher volume.
 

 
BHP [BHP]
BHP to benefit from its South African operations - the depreciating rand has lowered costs of production and the dollar-value of rand-denominated debt. (more)
 




Conclusion
Short-term: The MACD and MACD Histogram have still not given a buy signal.
Long-term trades: Wait for a correction on the secondary cycle.
 
Colin Twiggs
 
 
P.S. We are trying out new software. Please report if you experience any display problems with the trading diary.
 
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