Trading Diary
January 25,
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 rallied to close at 9840 on
light volume while the Nasdaq 100 sank slightly, closing at
1558.
Enron
Australia - ASX
The All Ords encountered more selling
pressure as it closed up at 3383. The fatter bar on the
equivolume
chart indicates higher volume.
BHP [BHP]
BHP to benefit from its South
African operations - the depreciating rand has lowered
costs of production and the dollar-value of
rand-denominated debt. (more)
Conclusion
Short-term: The MACD and MACD Histogram have still not
given a buy signal.
Long-term trades: Wait for a correction on
the
secondary cycle.
Colin Twiggs
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