February 26, 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
The Dow eased slightly to 10115 on reasonable volume,
holding above the 10000 resistance level.
The Nasdaq 100 lost 0.5% to close at 1401.
Swing trader Dave
Landry believes that IBM and AOL have further
Australia - ASX
The All Ords held on to some of its early gains, closing
at 3380 on weak volume. The MACD and Slow
Stochastic are still below their signal lines.
WMC stock slumped on report of a 47.5%
drop in 2001 earnings. (more)
The Australian wine
maker reported first-half earnings level with last
year, after adjusting for the sale of its
water-heater division. (more)
Short-term: Avoid new entries until there are positive
signals from the MACD and Slow Stochastic.
Long-term: Wait for the US uncertainty to clear.
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