Trading Diary
January 24, 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 .

Another indecisive day, with the Dow closing up at 9763 but not breaking out of the 9600 - 9900 trading band - another inside day. The more volatile Nasdaq 100 bounced up a further 1% to close at 1565 but is still in a down-trend. More losses are expected to be announced on Friday.
Greenspan: The worst is over
The Fed chairman is more optimistic about economic recovery. (more)
PC maker, Gateway warns of losses ahead. (more)
Australia - ASX
So much for the doji star - the All Ords rose to 3372 on stronger volume. There is still no signal from the MACD (26,12,9) or the MACD Histogram (100,50,30).

Alcoa denies rumors of an imminent takeover bid. (more)

Short-term: Wait for an entry signal.
Long-term trades: Wait for a correction on the secondary cycle.
Colin Twiggs
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