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S&P 500
5,567.19
(
1.06%
)
US TECH 100
19,828.00
(
0.95%
)
Dow Jones
39,375.87
(
0.17%
)
Brent Oil
86.78
(
0.00%
)
Bitcoin
57,584.69
(
-1.23%
)
Post# of 51808
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techcharter

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techcharter

Re: None

Monday, 03/27/2006 8:33:47 PM

Monday, March 27, 2006 8:33:47 PM

Post# of 51808
WMT SELL ALERT

The RSI and Stochastics are giving a major SELL signal.
Stochastics are losing upward momentum.
After a couple weeks of hugging the upper bollinger band, the price has finally started pulling away.

Elliott wave count
Dec '04 to Sept '05 Large 1
Sept '05 to Nov '04 Large 2
Nov '05 to Feb '06 Small 1
Feb '06 to present Small 2

That leaves 2 degrees of wave 3's to unwind to the downside over the next few months.

http://stockcharts.com/h-sc/ui?s=WMT&p=D&yr=2&mn=0&dy=0&id=p19605263612
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