Short Term Trading Member Forum

[techcharter]

Not WMT!?

Yup WMT is also in an ending diagonal.

WAVE 4 (triangle) lasted from early 2000 to early 2009
WAVE 5 is in wave 5 of Wave 5. WAVE 5 has a very high probability of truncating. Any moment WMT could plunge from $56 to $46, where initial support can be found.

The end of WAVE 5 signals the end to a multi-decade rally. It will take WMT 5 to 10 years of correction before a buy and hold strategy becomes profitable again.


http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=wmt&time=20&startdate=1%2F4%2F1999&enddate=5%2F21%2F2011&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=9&x=57&y=10