Trading Diary
January 9, 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 .




USA
The Dow has fallen again to 10094, on higher volume. The up-trend is still intact.  
The Nasdaq closed down 0.77% in a volatile day's trading.
 
4th Quarter earnings
The recovery isn't here yet. Investors still have to face dismal 4th quarter earnings reports. (more)
 
Australia - ASX
The All Ords closed down at 3355 on stronger volume. The 20-Day Slow Stochastic is still in overbought territory.
 

 
PBL [PBL]
Is PBL being set up for a sale? (more)
 
Computershare
Weak international trading conditions pull down earnings. (more)
 




Conclusion
Short-term: Let's see how low the correction goes. Poor US performance may dampen local enthusiasm.
Long-term trades: Wait for a correction on the secondary cycle.
 
Colin Twiggs
 
 
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Colin Twiggs

Author: Colin Twiggs is a former investment banker with almost 40 years of experience in financial markets. He co-founded Incredible Charts and writes the popular Trading Diary and Patient Investor newsletters.

Using a top-down approach, Colin identifies key macro trends in the global economy before evaluating selected opportunities using a combination of fundamental and technical analysis.

Focusing on interest rates and financial market liquidity as primary drivers of the economic cycle, he warned of the 2008/2009 and 2020 bear markets well ahead of actual events.

He founded PVT Capital (AFSL No. 546090) in May 2023, which offers investment strategy and advice to wholesale clients.