Trading Diary
April 15, 2002

These extracts from my daily trading diary are intended to illustrate the techniques used in short-term trading and should not be interpreted as investment advice. Full terms and conditions can be found at Terms of Use .

The Dow fell almost 1% to close at 10093 on normal volume. The up-trend on the secondary cycle is still intact.
The Nasdaq Composite index closed slightly lower at 1753. The index is testing the 1700 support level.
The S&P 500 formed an outside day, closing down at 1102 - still ranging between 1070 and 1180.

GE down
GE stock slides on concerns over financial engineering of results. (more)
Australia - ASX
The All Ords closed up at 3320 on low volume, but is still in a down-trend. The MACD is still below its signal line.

Woolies [WOW]
Woolworths reported a 17.4% jump in third-quarter sales and confirm that they are on track for earnings growth of 20% or higher. (more)


Short-term: Avoid long.
Medium-term: Wait for a new high on the All Ords.
Long-term: Wait for the Nasdaq or S&P 500 to break above their January highs.

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
Click here to access the Trading Diary Archives.

Back Issues
Access the Trading Diary Archives.