sitesearch
 

 

Trading Diary
February 8, 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 closed higher at 9744 on reasonable volume. The Nasdaq 100 was up 2.7% at 1452, but there is no sign of a break in the down-trend.
 
Telecom due for a shake-out
After the collapse of Global Crossing, debt-burdened telecom companies are coming under close scrutiny. (more)
 
Gold

Trading Diary
Gold futures reached $309.40, the highest level since July 2000

 
(more)
 
Australia - ASX
The All Ords rose strongly to close at 3394 on reasonable volume. The MACD and 20-Day Slow Stochastic are still below their signal lines.
 

 
SingTel profits down [SGT]
Singapore Telecommunications 9-month profits were 24.7% down on last year. (more)
 




Conclusion
 
Short-term: Wait for the MACD and Slow Stochastic to cross above their signal lines.
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.
 
Please forward this to your friends and colleagues.



 
Back Issues
Click here to access the Trading Diary Archives.
 


How Good Is Your Market Analysis?
Compare our market views.





The weekly Trading Diary offers fundamental analysis of the
economy and technical analysis of major market indices,
gold, crude oil and forex.
The monthly What's New newsletter covers new articles
on Trading and the Economy, as well as new software updates.




Back Issues
Access the Trading Diary Archives.





 
Top of Page