Mix of excerpts and full content on homepage but just excerpts after that?

Hi,

The following code successfully shows my latest post’s full content and the rest are excerpts.

<div class="entry">
<?php if ($wp_query->current_post == 0) {
the_content();
} else {
the_excerpt();?>
<span class="read_more"><a href="<?php the_permalink(); ?>">Continue reading...</a></span>
<?php } ?>
</div>

Is it possible to keep this setup for the homepage but from then on (pages 2 – X) only show excerpts.

Cheers. C.