Trading Diary
December 18, 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 up more than 1% at 9998, again
running into resistance at the 10000 level.
Motorola cuts jobs
Australia - ASX
Buyers returned to the market, with the All Ords
closing at 3264 on reasonable volume. The
bearish divergence
on the
MACD continues to signal weakness.
Banks cautious on Austar debt [AUN]
Banks & Finance
The
Detrended Price Oscillator signals that the Banks and
Finance index is strengthening. Watch for a break above
8900 with strong volume.
Conclusion
Short-term: The Dow and All Ords are showing weakness.
Tighten up on stop
losses and avoid new entries.
Long-term trades: Wait for a correction on the
secondary cycle.
Colin Twiggs
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