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Trading Diary
February 4, 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 fell by more than 2% to 9687 on strong volume, while the Nasdaq 100 continued its down-trend, closing down more than 3% at 1479.
 
WorldCom
The communications company has been hit by market concerns over the sector.(more)
 
Australia - ASX
The All Ords is again close to a new High, closing at 3406 on reasonable volume. The 20-Day Slow Stochastic is still below its signal line.
 

 
Job ads
The latest ANZ survey shows a surge in job advertising. (more)
 
Health stocks a bit jaded
CSL, Cochlear and ResMed have all fallen off recent highs. (more)
 




Conclusion
Short-term: Avoid new trades until the 20-Day Slow Stochastic crosses above its signal line.
 
Long-term: 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.
 
Please forward this to your friends and colleagues.



 
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