Trading Diary
January 7, 2002

These extracts from my daily stock trading diary are 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 10197 on reasonable volume, but the up-trend is intact.  
The more volatile Nasdaq closed down 1.5% at 1649, also still in an up-trend.
AOL reduces earnings expectations
The slowdown in advertising spending has hurt AOL earnings. (more)
Australia - ASX
The All Ords closed up at 3385 on reasonable volume. The 20-Day Slow Stochastic is in overbought territory, confirming that this is not a good time to enter the market.

The bearish MACD divergence has weakened further.
Pacific Dunlop
Rumors of a takeover by US giant, Kimberly-Clark. (more)
Retail sales
Strong December retail sales are a good sign for the year ahead. (more)

Short-term: Don't jump in yet. The outlook may look rosy, but wait for the signal
Long-term trades: Wait for a correction on the secondary cycle.
Colin Twiggs
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