Trading Diary
February 8, 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 higher at 9744 on reasonable volume. The Nasdaq 100 was up 2.7% at 1452, but there is no sign of a break in the down-trend.
 
Telecom due for a shake-out
After the collapse of Global Crossing, debt-burdened telecom companies are coming under close scrutiny. (more)
 
Gold

Trading Diary
Gold futures reached $309.40, the highest level since July 2000

  (more)
 
Australia - ASX
The All Ords rose strongly to close at 3394 on reasonable volume. The MACD and 20-Day Slow Stochastic are still below their signal lines.
 

 
SingTel profits down [SGT]
Singapore Telecommunications 9-month profits were 24.7% down on last year. (more)
 




Conclusion
 
Short-term: Wait for the MACD and Slow Stochastic to cross above their signal lines.
Long-term: Wait for a correction on the secondary cycle .
 
 
Colin Twiggs
 
 
P.S. We are trying out new software. Please report if you experience any problems with the trading diary.
 
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