Trading Diary
January 23,
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 closed up slightly at 9730 on
reasonable volume - another
inside day above the 9650 -
9700 support level showing that buyers and sellers are
uncertain about the direction of the market. The
Nasdaq 100 also posted an inside day, rising 3%, but the
down-trend continues.
Chip stocks
Signs of improving demand in the
semiconductor field but the big money stays out of the
market. (more)
AOL Time Warner
AOL has to convert more subscribers to
broadband and penetrate the European market in order
to sustain its growth. (more)
Australia - ASX
More uncertainty as the All Ords closed
almost unchanged at 3364 on strong volume.
The doji
star candlestick parttern is a mild reversal
signal (the
doji indicates
uncertainty).
No more rate
cuts?
December quarter inflation at 0.9% is
almost double market expectations, making further rate
cuts unlikely and sending bond yields
soaring. (more)
Conclusion
Short-term: Wait for the MACD or MACD Histogram to signal
an entry point.
Long-term trades: Wait for a correction on
the
secondary cycle.
Colin Twiggs
P.S. Please report if you experience any
display problems with the trading diary.
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
Back Issues
Access the Trading Diary Archives.