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 .

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.
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)
Newmont raises its bid with a 40 cents cash dividend as the bidding war continues. (more)


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
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.