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Trading Diary
December 21, 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 50 points at 10035 on very high volume, the
inside day showing uncertainty.
The Nasdaq also showed uncertainty, closing up 1% after a 4%
drop yesterday.
Consumer confidence up
A University of Michigan survey shows consumer
confidence up more than 5% compared to November.
(more)
Australia - ASX
The All Ords closed up at 3314 on
strong volume, while the bearish signal on the MACD
continues.
Conclusion
Short-term: The Dow is still showing uncertainty and
the All Ords trend is showing weakness. Stay out of the
market until there is clarity. 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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