Trading Diary
February 14, 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 struggled to hold ground above the 10,000
resistance level, closing at 10,002 on normal
trading volume. The Nasdaq 100 closed down 0.8%,
continuing the down-trend.
Drug stocks
hold Dow below 10,000
The
Dow rose above the key 10,000 level, but weak drug stocks
pulled the average back. (more)
Australia - ASX
After making a new high at 3444, the All Ords pulled to
close at 3424 on low volume. The Slow Stochastic has
crossed back below its signal line.
Fairfax net profit falls 53%
[FXJ]
First-half net profit at John Fairfax is
badly affected by the slump in advertising
expenditure. (more)
James
Hardie[JHX]
Third-quarter profit falls 79% on
settlement of a class action for faulty slate roofing
in the US. (more)
Conclusion
Short-term: The Slow Stochastic has crossed below its
signal line. Avoid further new entries.
Long-term: Wait for a correction on the secondary cycle.
Colin Twiggs
P.S. We are trying out new Email software.
Please report if you experience any problems with the
trading diary.
Please forward this to your friends and colleagues.
Back Issues
Back Issues
Access the Trading Diary Archives.