Daily Trading Diary

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Trading Diary
March 1, 2004

These extracts from my daily trading diary are for educational purposes and should not be interpreted as investment advice. Full terms and conditions can be found at Terms of Use .




Gold
New York (Mar 01 4:10). Spot gold recovered to $398.50.
The intermediate trend is down.
The primary trend is up. A fall below $370 would signal reversal.





ASX Australia
The All Ordinaries rallied to 3390. Lower volume with a strong bar signals an absence of sellers, rather than commitment from buyers. This indicates possible weakness at the 3425 to 3450 resistance level.



The intermediate trend is up. Support is at 3350.
The primary trend is up. Support is at 3160.








Thank you for your support and for the excellent response to the recent survey.

Colin Twiggs


You can have anything you want
if you will give up the belief that you can't have it.

~ Dr Robert Anthony.



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Colin Twiggs

Author: Colin Twiggs is a former investment banker with almost 40 years of experience in financial markets. He co-founded Incredible Charts and writes the popular Trading Diary and Patient Investor newsletters.

Using a top-down approach, Colin identifies key macro trends in the global economy before evaluating selected opportunities using a combination of fundamental and technical analysis.

Focusing on interest rates and financial market liquidity as primary drivers of the economic cycle, he warned of the 2008/2009 and 2020 bear markets well ahead of actual events.

He founded PVT Capital (AFSL No. 546090) in May 2023, which offers investment strategy and advice to wholesale clients.