Trading Diary
November 13, 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 has broken out above the 9600 resistance level, closing at 9750 on strong volume. A sign that the up-trend has resumed.
 
Taliban retreat boosts the Dow
The market appears to have taken heart from the news from Afghanistan. (more)
 
Australia  (ASX)
The All Ords was down yesterday after a quiet day on US markets. There should be a positive reaction today after the overnight gains on Wall Street.
 

 
 




Conclusion
The All Ords has been in an up-trend for some time and US markets have just broken above short-term resistance levels. It is risky to enter the market this late in the trend but I will increase short-term positions on stocks showing positive signals, provided stop losses can be placed within my 2% maximum acceptable loss.
I will continue to wait for a pull-back before entering any long-term positions. 
 
Colin Twiggs
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