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Trading Diary
January 28, 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 closed up slightly at 9865 on an inside day with very light volume, indicating uncertainty amongst buyers and sellers. The Nasdaq 100 closed up slightly at 1564.
 
Amex profits down 56% in the fourth quarter
Undermined by slowing business travel and corporate spending, American Express expects the economy to "remain weak throughout 2002". (more)
 
Australia - ASX
No trading on the ASX on Monday - Australia Day long weekend. The All Ords encountered selling pressure on Friday but still managed to close up at 3383.
 
Woodside bid to become a global player [WPL]
Shell supports Woodside Petroleum's bid for oil and gas resources in the Middle East, Europe and the Carribean. (more)
 

 




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