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 .

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.
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 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)

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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