John Pitera's Market Laboratory Message Board

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Strategies & Market Trends : John Pitera's Market Laboratory

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To: estatemakr who wrote (8474)	12/3/2007 9:27:58 AM
From: nspolar	Read Replies (3) of 33421

Brian Bloom on Walmart. 321gold.com W/r to his chart analysis I agree. I would put the maginot line however a bit lower, at 38. If that area gets taken out, then 10 is likely. The contrary is also true. If WMT breaks up, it should go quite aways. Another stock to watch here imo. If the King Of The Retailers gets taken out, it would imo indicate that Americans may have switched from the consumption side to the savings side. In edit: The Gann Rule of Four may also be in play here. Since 2005 WMT has bounced 3 times off the 42 area. If it bounces off here again, should be a good bounce. If not, on to 38 and perhaps on through.

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