Trading Diary
March 8, 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 formed a third inside day closing up at down
at 10572 on reasonable volume.
The Nasdaq Composite index had a stronger day, closing up 2.5% at 1929. A rise above 2100 will signal the start of a secondary cycle up-trend.
The Nasdaq Composite index had a stronger day, closing up 2.5% at 1929. A rise above 2100 will signal the start of a secondary cycle up-trend.
The S&P 500 has closed at 1164, near to its January high.
KMart puts up the
shutters
Australia - ASX
The All Ords closed softer at 3428 on low volume. The
MACD and Slow Stochastic are above their signal
lines.
Harmony/Hill 50
Conclusion
Short-term: The MACD and the Slow Stochastic are
above their signal lines. Take new positions but keep
tight stops as we can expect a retest of support levels in the
next week.
Medium-term: Wait for a new high on the All Ords.
Long-term: Look for a secondary cycle reversal on the Nasdaq or
S&P 500 - if they break above their January highs.
Colin Twiggs
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