Trading Diary
December 10, 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 9921 on light volume, below the 10000 support level. The S&P 500 and Nasdaq were also down by more than 1%, but all three indexes are still in an up-trend.
 
HP-Compaq
There appears little chance of the merger succeeding as Packard and Hewlett heirs mostly oppose it. (more)
 
Australia - ASX
The All Ords closed down, near the 3300 support level, on normal volume. The up-trend continues.
 

 
News Corporation [NCP]
NewsCorp stock has risen more than 9% over the last two days on reports of a planned takeover of German media giant, Kirche Gruppe. (more)
 
Normandy
Newmont raises its bid with a 40 cents cash dividend as the bidding war continues. (more)
 

 




Conclusion
Short-term: The up-trend continues on both the Dow and ASX. Look for entry signals where the stop loss can be set within a 2% limit.
Long-term trades: Wait for a correction on the secondary cycle.
 
Colin Twiggs
 
 
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