Trading Diary
January 21,
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 NYSE and Nasdaq were closed Monday, in observance of
Martin Luther King Jr. Day.
On Friday the Dow fell to 9771. The week ahead will tell whether there is sufficient selling pressure to breach the 9650 - 9700 support level of the last month.
On Friday the Dow fell to 9771. The week ahead will tell whether there is sufficient selling pressure to breach the 9650 - 9700 support level of the last month.
Intel
Intel posted a 20% revenue drop in the 4th
quarter and warns that things may get worse before they
improve. Some speculators take this as a buy signal.
(more)
Australia - ASX
The All Ords recovered slightly to 3343 on light volume.
The MACD still shows a bear signal.
Woolworths
Short-term: Buyers should stay clear of the market.
Long-term trades: Wait for a correction on
the
secondary cycle.
Colin Twiggs
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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.