Trading Diary
February 26, 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 eased slightly to 10115 on reasonable volume, holding above the 10000 resistance level.
The Nasdaq 100 lost 0.5% to close at 1401.
 
IBM and AOL
Swing trader Dave Landry believes that IBM and AOL have further down-side. (more)
 
Australia - ASX
The All Ords held on to some of its early gains, closing at 3380 on weak volume. The MACD and Slow Stochastic are still below their signal lines.
 

 
WMC [WMC]
WMC stock slumped on report of a 47.5% drop in 2001 earnings. (more)
 
Southcorp lacks fizz [SRP]
The Australian wine maker reported first-half earnings level with last year, after adjusting for the sale of its water-heater division. (more)
 




Conclusion
 
Short-term: Avoid new entries until there are positive signals from the MACD and Slow Stochastic.
Long-term: Wait for the US uncertainty to clear.
 
 
Colin Twiggs
 
 
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