February 7, 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 fell to 9625 on reasonable volume, while
the Nasdaq 100 closed down 2% at 1413. Both averages
exhibit bearish MACD divergences.
Stock of Cisco Systems fell as the
CEO declares that "visibility is still very
Australia - ASX
The All Ords continued downwards, closing at 3359 on
strong volume. The MACD and 20-Day Slow Stochastic are
both below their signal lines.
WMC stocks strengthen on fresh rumors of
a Rio Tinto takeover. (more)
Macquarie Bank stock slides further on
reports of European trading losses. (more)
Short-term: Wait for an improvement in local market
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