Trading Diary
December 4, 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 .

The Dow closed up more than 1% at 9893, on reasonable volume. The strength of this short-term rally will give an indication of the state of the intermediate rally of the past 2 months. The Nasdaq rose 4% to close at 1634, near to its 2 month high.
Cisco stocks rise on "cautious optimism". (more)
Australia - ASX
The All Ords closed lower at 3263 on reasonable volume. The MACD Histogram, often used by short-term traders to signal market direction, has turned down at [S], confirming the decision to avoid new long positions.

Have a strategy and stick to it
Good advice from Roger Montgomery and Daryl Guppy. (more)

The direction of the Dow and the All Ords are both uncertain.
Short-term trades: Avoid new entries and tighten up stops on remaining positions.
Long-term trades: Wait for a correction on the secondary cycle.
Colin Twiggs
Please forward this to your friends and colleagues.
To be included on our mailing list, reply to this Email adding MAIL ME to the subject title. All details submitted are protected by our Privacy Policy.
Back Issues
Click here to access the Trading Diary Archives.

Back Issues
Access the Trading Diary Archives.