Wal-Mart Message Board - Msg: 13612419

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Wal-Mart

WMT 100.59

-0.6%

9:30 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Dennis who wrote (1029)	5/7/2000 11:39:00 AM
From: Robert J Mullenbach	of 1166

Do some study here, This Guy is right on a lot. Anyway, WMT as you can see on the graph seem to be in large fourth wave contracting triangle. More weakness is in the card but it should be limited. If I am right, I suspect WMT will keep moving sideways for a while before printing another major rally. There's two things I like a lot about triangles. First, we know exactly where we gonna be wrong. For WMT, moving below 43.50$ will negate that scenario. The second great thing is that triangle are always preceding the last move of a large structure. ( Triangle are only fourth waves in a five waves affair or the middle wave in a corrective pattern ). So If I am right, and the triangle scenario prevails, that would mean WMT is finishing a large impulse wave that began in early 1988 if not before. Once over, it would clearly indicate, a prolong bear market is in the card. members.home.net:80/augery/equity.html XXXXXXXXXXXXXX Nice possible chart, maybe a good gamble on calls.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next