Trading Diary
November 21, 2001

This is my daily 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 down at 9833, on low volume ahead of the Thanksgiving holiday, Thursday. The Nasdaq closed up by 0.1%. 
 
Dow 10000?
An sobering look at individual stocks that make up the Dow, most look over-priced.(more)
Low average PEG ratios may warn of a correction.
 
Australia  (ASX)
The All Ords closed down at 3273 on low volume. The up-trend on the secondary cycle is still intact, but the detrended price oscillator signals weakness.
 

 
WMC [WMC]
The WMC board have rejected the "opportunistic" low bid from US partner, ALCOA. (more)
 

 
IncredibleCharts
Due to the tremendous response from investors, we will be transferring to a more powerful server over the next two days. Please alert us if you encounter anything unusual. There are bound to be a few teething problems but the move should solve the slow registrations and logins encountered over the past week.
 




Conclusion
The market is uncertain. Tighten up your stops on existing long positions and avoid new entries.
Long-term trades: Wait for a correction on the secondary cycle.
 
Colin Twiggs
 
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