Trading Diary
January 16, 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 fell by more than 2% to close at 9712 on strong volume. The S&P 500 closed down 1.6% and the Nasdaq 100 was down 3.3%.
Intel and JP Morgan raise recovery concerns
Intel cuts back on capital spending and JP Morgan misses profit forecasts due to bad loans to Enron and Argentina. (more)
Australia - ASX
The All Ords rallied to 3367 on reasonable volume, as buyers entered the market at the 3350 support level. There is still no market signal from the MACD.

Flight Centre soars [FLT]
Flight Centre bravely forecasts a 10% increase in half year profits. (more)

Short-term: Stay out while the Dow falls.
Long-term trades: Wait for a correction on the secondary cycle.
Colin Twiggs
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