Trading Diary
November 22, 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 .

US markets were closed overnight for the Thanksgiving holiday.
Oil Prices
Oil prices rose 6% as Norway offers to cut production. (more)
Australia  (ASX)
The All Ords closed slightly down at 3262 on low volume. The up-trend on the secondary cycle still looks strong, with the 21-day moving average crossing to above the 150-day.

Metcash [MTT]
Metcash reports strong first-half results and declares its first dividend since 1997. (more)
ALCOA is likely to make a direct bid to shareholders as WMC stock price rebounds. (more)

Due to the tremendous response from investors, we are transferring to a more powerful server. 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.

The US market is entering an uncertain period. 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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