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[sharechat] Spot the Dog.


From: Phaedrus <Phaedrus@techemail.com>
Date: Thu, 31 Oct 2002 15:48:06 -0800 (PST)


 In February this year I posted a longterm (120 week) composite chart of 9 NZ 
stocks :- http://www.sharechat.co.nz/archives/2002/02/msg00418.shtml

 It is interesting to compare this with an updated (160 week) composite chart 
of the same stocks. Surprisingly little has changed.

 The dog is easier to spot. 
 CED has ended its uptrend, and is now in a downtrend. 
 CPT has ended its uptrend, and is in a trading range. 

All the rest are still in their longterm uptrends, above their trendlines, and 
plugging along well, in spite of the difficult market conditions.

The lesson?  If you want to buy and hold, choose stocks that are in longterm 
uptrends.

                   Phaedrus.

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