Trading Diary
November 2, 2001
This is my daily short-term stock
trading diary. It is 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 closed slightly up at 9323, still within the 9000 to
9600 trading range.
Unemployment rose to 5.4% in October from 4.8% in September.
Most economists are still predicting a recession.
(more)
Microsoft [MSFT]
The US Justice department has finally reached a settlement
with Microsoft, keeping Microsoft intact but allowing other
software developers access to Windows source code.
Australia (ASX)
The All Ords slipped slightly but remains above the 21-day
moving average.
Westpac [WBC]
Conclusion
An anaesthetist friend describes her job as "99%
boredom 1% panic". The market can be like that as well -
you just have to prepare well for the "1%".
This is a period of uncertainty, hold on to existing long
positions but tighten up on Stop
Losses.
Colin Twiggs
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