Trading Diary
February 18,
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 US market was closed Monday for the
President's Day holiday. On Friday the Dow had
retreated 1% to close at 9903 while the Nasdaq
100 closed down 2.5% at 1436.
Disney loses
some of its magic
Stock
of the media and entertainment giant has declined
24% over the last 12
months. (more)
Australia - ASX
The All Ords has retreated below the 3425
resistance level, closing down at 3413 on lower
volume. The Slow Stochastic is still below its signal
line.
Reserve Bank: "Worst is behind
us"
Deputy Governor,
Glenn Stevens is optimistic that inflation will remain
under control and robust growth will
return. (more)
Sigma/Australian Pharmaceutical
Industries [SIG]
Conclusion
Short-term: The Slow Stochastic is still below its signal
line. Avoid further new entries.
Long-term: Wait for a correction on the secondary cycle.
Colin Twiggs
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