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Trading Diary
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 Terms of Use .




USA
The Dow fell to 9625 on reasonable volume, while the Nasdaq 100 closed down 2% at 1413. Both averages exhibit bearish MACD divergences.
 
Cisco outlook vague
Stock of Cisco Systems fell as the CEO declares that "visibility is still very limited". (more)
 
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 [WMC]
WMC stocks strengthen on fresh rumors of a Rio Tinto takeover. (more)
 
Macquarie [MBL]
Macquarie Bank stock slides further on reports of European trading losses. (more)
 




Conclusion
 
Short-term: Wait for an improvement in local market conditions.
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 problems with the trading diary.
 
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