wkly at support
http://stockcharts.c...allery.html?WMT
f
http://stockcharts.c.../gallery.html?F
ewd
http://stockcharts.c...allery.html?EWD
Edited by vitaminm, 13 September 2007 - 09:23 PM.
wmt
Started by
vitaminm
, Sep 13 2007 09:17 PM
4 replies to this topic
#1
vitaminm
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Posted 13 September 2007 - 09:17 PM
wmt
wkly at support
http://stockcharts.c...allery.html?WMT
f
http://stockcharts.c.../gallery.html?F
ewd
http://stockcharts.c...allery.html?EWD
wkly at support
http://stockcharts.c...allery.html?WMT
f
http://stockcharts.c.../gallery.html?F
ewd
http://stockcharts.c...allery.html?EWD
vitaminm
#2
Jnavin
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- TT Member*
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- 2,126 posts
Member
Posted 13 September 2007 - 09:24 PM
WMT below 40 = recession in progress.
#3
diogenes227
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Posted 14 September 2007 - 01:38 AM
Yeah, WMT is at weekly support again, but if you take that chart back 10 years you'll be looking at one of the biggest descending triangles in the history of technical analysis -- that stock has a good chance of going to somewhere close to 16.
Couldn't happen to a nicer company. 
"If you've heard this story before, don't stop me because I'd like to hear it again," Groucho Marx (on market history?).
“I've learned in options trading simple is best and the obvious is often the most elusive to recognize.”
"The god of trading rewards persistence, experience and discipline, and absolutely nothing else."
#4
ogm
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Posted 14 September 2007 - 07:20 AM
WMT is doomed, IMO. They will have profit squeeze with the price of Chineese imports on the rise.
#5
skyymaster
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Posted 14 September 2007 - 08:17 AM
Does anyone thing F will visit 6 - 6.50 range to test its low again?
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