Trading Diary
January 14, 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 9891 on increased volume.The MACD has completed a bearish triple divergence. The Nasdaq 100 fell 1.86% and the S&P 500 fell 0.63%. None of the 3 indexes has yet broken from its up-trend.
Merrill stock allocation
Merrill Lynch recommend that clients increase their exposure to bonds, saying stocks are overpriced. (more)
Australia - ASX
The All Ords closed down at 3350 on lighter volume, with insufficient selling pressure to overcome support at 3350.

Westfield has to share the spoils [WSF]
In a 3-way deal with two of its US rivals, Westfield will acquire 43% of Rodamco's North America portfolio. (more)

Short-term: Wait for the uncertainty to clear.
Long-term trades: Wait for a correction on the secondary cycle.
Colin Twiggs
Please forward this to your friends and colleagues.
To be included on our mailing list, reply to this Email adding MAIL ME to the subject title. All details submitted are protected by our Privacy Policy.
Back Issues
Click here to access the Trading Diary Archives.

Back Issues
Access the Trading Diary Archives.