Trading Diary
November 29, 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 halted its downward slide, closing up at 9823
on reasonable volume. The
inside day still shows
uncertainty.
Enron close to collapse
Australia - ASX
The All Ords closed down at 3267 on good volume.
A sign that the trend is weakening.
Banks & Finance
The Banks & Finance index, on the other hand, has
signaled the start of a down-trend (secondary cycle),
breaking below the support level formed by the recent trough.
A
trend reversal on the secondary
cycle is always signaled by a lower peak [LH] followed
by a break [LL] below the previous trough.
Anglos adds cash
Conclusion
Stay on the sidelines. There is still a lot of uncertainty in
the market.
Long-term trades: Wait for a correction on the
secondary cycle.
Colin Twiggs
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