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Trading Diary
February 11, 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 up almost 1.5% at 9887 on light volume. The Nasdaq 100 closed up 1.75% at 1477, but no sign of a break in the down-trend yet.
 
DuPont upgraded to 'outperform'
Salomon Smith Barney upgrades DuPont on news that it is considering options to hive off of its textiles and interiors business. (more)
 
Australia - ASX
The All Ords closed at 3419 on light volume, after equalling the previous high of 3425. Expect further resistance at this level. The MACD is still below its signal line.
 

 
Reserve Bank to keep rates low
Whilst generally optimistic about the local economy, the threat of a weakening Japanese economy outweighs the risk of higher inflation. (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.



 
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