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?
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]
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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