Trading Diary
February 4, 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 fell by more than 2% to 9687 on strong volume, while the Nasdaq 100 continued its down-trend, closing down more than 3% at 1479.
 
WorldCom
The communications company has been hit by market concerns over the sector.(more)
 
Australia - ASX
The All Ords is again close to a new High, closing at 3406 on reasonable volume. The 20-Day Slow Stochastic is still below its signal line.
 

 
Job ads
The latest ANZ survey shows a surge in job advertising. (more)
 
Health stocks a bit jaded
CSL, Cochlear and ResMed have all fallen off recent highs. (more)
 




Conclusion
Short-term: Avoid new trades until the 20-Day Slow Stochastic crosses above its signal line.
 
Long-term: Wait for a correction on the secondary cycle.
 
Colin Twiggs
 
 
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Colin Twiggs

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.