February 27, 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 gave up most of its early gains to close almost
unchanged at 10127 on reasonable volume.
The Nasdaq 100 fell 1.6% to close at 1378.
The Federal Reserve
chairman speaks of a "subdued recovery" in testimony to
the House Financial Services
Consumer confidence falls to 94.1 from
97.8 in January, in the wake of Enron and corporate
Australia - ASX
The All Ords closed down at 3359 on strong volume. The MACD
and Slow Stochastic are still below their signal
Lindsay Fox and Solomon
Lew withdraw their offer for the failed
that it is looking for acquisitions, AMP warns of a
tough year ahead.(more)
ERG: further losses
ERG warns of further write-offs that
could extend first-half losses to as much as $195
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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