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Trading Diary
January 30, 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 bounced back 1.5% to close at 9762 on big volume, while the Nasdaq 100 rallied to 1538.
 
The Fed
The Federal Reserve Board 30 January meeting leaves interest rates unchanged. Now futures markets are anticipating future rate hikes. (more)
 
AOL Time Warner
The media giant expects to take a record $40 to $60 billion charge to cover merger expenses. (more)
 
Australia - ASX
The All Ords reacted to yesterday's Dow with restraint, falling to 3374 on normal volume.
 

 
Westpac [WBC]
Job cuts expected as Westpac plans a head office restructure. (more)
 
Woodside[WPL]
Woodside is knocked out of the bidding for the assets of Veba Oil. (more)
 




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