Trading Diary
January 11, 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 dipped to 9987 on reasonable volume, with the MACD completing a bearish triple divergence.
 
EMC
The data storage specialists make an attractive takeover target for IBM. (more)
 
Economy at half throttle
The US economy will remain at half throttle until spare manufacturing capacity is taken up and corporates resume capital spending. (more)
 
Australia - ASX
The All Ords closed up at 3360 on lighter volume, continuing to trade within the 3350 - 3390 range.
 

 
Westfield [WSF]
Westfield's bid for control of Rodamco North America encounters further snags. (more)
 
Normandy
Anglogold extends its offer. (more)
 




Conclusion
Short-term: Wait for the current uncertainty to clear.
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.