April 10, 2002
These extracts from my daily
trading diary are intended to illustrate the techniques used in
short-term trading and should not be interpreted as investment
advice. Full terms and conditions can be found at
The Dow rallied 1.7% to close at 10381 on strong volume,
after positive news from automakers and retailers. A
signal from William O'Neil.
The Nasdaq Composite index rose 1.4% to close at 1767, with
gains by chip stocks.
The S&P 500 is still ranging between 1070 and 1180, closing
up 1.1% at 1130.
Yahoo raises its outlook for next year. (more)
Theme parks raise earnings hopes. (more)
Australia - ASX
The All Ords closed up at 3327 on low volume. The MACD is still
below its signal line.
Local gold stocks soften as gold falls below US$
XGO is still in a strong up-trend, with no sign of an
Short-term: Avoid long.
Medium-term: Wait for a new high on the All Ords.
Long-term: Wait for the Nasdaq or S&P 500 to break above
their January highs.
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