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
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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Author: Colin Twiggs is a former investment banker with almost 40 years of experience in financial markets. He co-founded Incredible Charts and writes the popular Trading Diary and Patient Investor newsletters.
Using a top-down approach, Colin identifies key macro trends in the global economy before evaluating selected opportunities using a combination of fundamental and technical analysis.
Focusing on interest rates and financial market liquidity as primary drivers of the economic cycle, he warned of the 2008/2009 and 2020 bear markets well ahead of actual events.
He founded PVT Capital (AFSL No. 546090) in May 2023, which offers investment strategy and advice to wholesale clients.