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techcharter

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techcharter

Re: None

Sunday, 11/22/2009 9:04:29 PM

Sunday, November 22, 2009 9:04:29 PM

Post# of 51808
WMT E-waves

The last time I posted about WMT, the preferred count was a triangle. Obviously something else has developed. The alternate count ending around Thanksgiving is playing out. It looks like the corrective wave is a zigzag or double zigag from the early March '09 lows. A triangle connected the zig to the zag, so this means the rally out of the November '09 lows is the last wave of the March '09 correction.

My forecast is a RED Black Friday, followed by a BLACK Monday.

http://stockcharts.com/h-sc/ui?s=WMT&p=D&yr=1&mn=0&dy=0&id=p23889254947
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