February 12, 2002
The Dow formed an inside day, showing uncertainty, and closing down slightly at 9863 on low volume. The Nasdaq 100 was also down, at 1464.
More telecom woes
Nortel Networks stock fell after warning that it may not meet its first-quarter sales targets. (more)
Australia - ASX
The All Ords closed up at 3423 on normal volume, after reaching a new intra-day high of 3428. Expect further resistance around this level. The MACD has crossed to above its signal line.
Wesfarmers delivers [WES]
The WA-based conglomerate reported a 61% increase in half year earnings. (more)
Short-term: The MACD and Slow Stochastic have both crossed to above their signal lines. Take entries on short-term oscillator signals. Keep stop-losses tight as it is late in the secondary cycle rally.
Long-term: Wait for a correction on the secondary cycle .
P.S. We are trying out new Email software. Please report if you experience any problems with the trading diary.
Please forward this to your friends and colleagues.
Click here to access the Trading Diary Archives.
Access the Trading Diary Archives.
Take Charge Of Your Investments
Identify top-performing stocks using proprietary Twiggs Money Flow, Twiggs Momentum and powerful stock screens.
Protect your capital with money management and trailing stop losses.
Download Incredible Charts and receive a 30-day FREE TRIAL of our Premium Service.
Most Popular Links
Top of Page