Trading Diary
December 20, 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 .

Two hours before the close, the Dow is down 40 points and showing uncertainty. The Nasdaq has now commenced a down-trend, breaking below support at the previous trough, after recording a lower peak.
Tech stocks continue to slide
Investors bail out of tech stocks. (more)
Australia - ASX
The All Ords closed up at 3286 on weak volume.

Banks & Finance
The Banks and Finance Index is showing positive signs:


Short-term: The Dow is show weakness while the Nasdaq has entered a down-trend on the secondary cycle. 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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