Short Term Trading Member Forum

[techcharter]

EBAY & WMT

EBAY is showing a well-defined Wave 4 flat from August 2014 highs to October 2014 lows. Since then Wave 5 is nearly completed. Today may have been smaller wave 4 pullback, or the start of EBAY's bear market. A drop the next couple of days to the low $52 area would favor the odds EBAY has topped.

http://stockcharts.com/h-sc/ui?s=EBAY&p=D&yr=0&mn=6&dy=0&id=p72357987660


WMT is showing a nearly completed five wave sequence from the 2007 lows. The ends of WAVES 1 and 3 have provided resistance to WAVE 5 that shot up the past couple of months. The rally off the October 2014 lows has completed 3 waves. This means consolidation until Thanksgiving, a pop on Cyber Monday, and finally a reversal.

http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=wmt&time=13&startdate=1%2F4%2F1999&enddate=1%2F4%2F2013&freq=2&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1&lf2=0&lf3=0&type=2&style=320&size=4&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=8&x=67&y=6