This time it’s different

   Cobra
The weekly chart still shows XAO in an overall uptrend, keeping me in the market as a buyer.  Last weeks correction knocked me out of a couple of positions, but have been making use of the consolidation since then to establish new holdings.
Although the number of stocks showing strong signs has decreased lately, there are still some strength around, eg the consumer staples sector.
Changed market conditions to me means the XAO 50 day MA falls below the 100 day MA, those following Weinstein might keep an eye on the 30 week MA.  Until that time I remain either a buyer, holder or if I'm not sure - a watcher.
Chart Rider

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chart rider Members Profile Send Private Message Find Members Posts Add to Buddy List Regular Joined: 25 Sep 2004 Location: Australia Posts: 96	Post Options Post Reply Quote chart rider Report Post Quote Reply Posted: 07 Apr 2005 at 12:46pm
	Cobra The weekly chart still shows XAO in an overall uptrend, keeping me in the market as a buyer. Last weeks correction knocked me out of a couple of positions, but have been making use of the consolidation since then to establish new holdings. Although the number of stocks showing strong signs has decreased lately, there are still some strength around, eg the consumer staples sector. Changed market conditions to me means the XAO 50 day MA falls below the 100 day MA, those following Weinstein might keep an eye on the 30 week MA. Until that time I remain either a buyer, holder or if I'm not sure - a watcher. Chart Rider