Trading Diary
November 26, 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 is still hesitant near the 10000 resistance level,
closing at 9982 on reasonable volume. The Nasdaq made a
stronger showing, closing up more than 2% at 1619.
Online Sales Soar
Consumers seem to be favoring the safety and security of
shopping online. AOL experienced a massive 80% rise in
October sales. (more)
Australia (ASX)
The trend on the All Ords is still strong, closing at
3285 .
Banks & Finance
The Banks & Finance index appears to be weakening after a
strong run, the
MACD has crossed to below its signal line.
Conclusion
Entries this late in the trend are higher risk. Make sure that
stops can be set within a
limit of 2% on short-term trades.
Long-term trades: Wait for a correction on the
secondary cycle.
Colin Twiggs
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