February 5, 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
The Dow closed largely unchanged at 9685 on strong
volume, while the Nasdaq 100 continued its downward trend,
closing at 1462.
The battle intensifies ahead of the
March 19th and 20th shareholders meetings.
Gold near $300
Spurred by doubts over equities, gold
futures have climbed to within a whisker of $300 per
Australia - ASX
The All Ords closed down at 3393 on
strong volume, an expected reaction after the Dow
of the previous evening. The 20-Day Slow Stochastic is
still below its signal line.
Normandy Mining announced to
shareholders that it would not be declaring a dividend,
despite a 31% rise in profits. (more)
A reader wrote to ask why I switch
between the MACD and Slow Stochastic indicators
"whenever it suits me". I combine the two indicators to
determine the direction of the short-term trend. More
details can be found at
Trading the Short.
Short-term: Avoid new trades until the 20-Day Slow
Stochastic crosses above its signal line.
P.S. We are trying out new software.
Please report if you experience any problems with the
Please forward this to your friends and colleagues.
Access the Trading Diary Archives.