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Post# of 51788
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techcharter

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techcharter

Re: None

Wednesday, 10/03/2012 7:06:20 PM

Wednesday, October 03, 2012 7:06:20 PM

Post# of 51788
WMT Special Technical Situation

There is a 3.5 month negative divergence between the RSI and the price. The RSI has been making lower highs despite higher highs in prices. The price is rolling over on the support of the 50 day avg. Volume is declining. A longer term top is being made. I'm looking at a wave 4 triangle since the Sept 2012 highs. It may have completed, and the last surge (only about $1) to a new high may be in progress.

If long, get out.

http://stockcharts.com/h-sc/ui?s=WMT&p=D&yr=1&mn=0&dy=0&id=p26895229219
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