TESCO ... a humble trade

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hilarius

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Post Number: 933
Registered: 04-2004

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Thursday, September 01, 2005 - 01:07 am:

Dear Forum Members

For the evening chartists and sleepless among us the new capacity to chart UK stocks using IC is a sheer delight

The popular view is that oil prices are depressing retail spending, but surely the rat cunning of the supermarkets will prevail even in the worst of times?

Aren't these defensive stocks and shouldn't Tesco (UK) and Coles and Woolies in Australia hold up well in all but a crashing market?

Am I right to see strong support for Tesco at 323 even if the nervous nelly short term holders depicted in green are selling?

Hilarius

tsco

I come in peace to share my thoughts and to shine my candle light on possible long term opportunities

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