Forum Archive Index - November 2002
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[sharechat] Spot the Dog.
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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