Trading Diary
February 15, 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 retreated 1% to close at 9903 on higher
volume. The Nasdaq 100 closed down 2.5% at 1436,
continuing the down-trend.
IBM
Concerns about accounting practices at
IBM drag the tech sector
down. (more)
Gold
Gold futures hold above $300, ahead of the
Presidents Day long
weekend. (more)
Australia - ASX
The All Ords failed to hold above the 3425 resistance
level, closing down at 3420 on higher volume. The Slow
Stochastic is below its signal line.
Analysts optimistic about
Australian stocks
The risk of major earnings
disappointments is lower than in the US and 2002
double-digit returns are within
reach. (more)
Cochlear [COH]
Analysts believe that the ear implant
developer will meet its' long-term 20% growth target -
despite a first-half net profit rise
of 8%. (more)
BHP
Billiton[BHP]
Conclusion
Short-term: The Slow Stochastic is below its signal line.
Avoid further new entries.
Long-term: Wait for a correction on the secondary cycle.
Colin Twiggs
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