Wal-Mart Message Board - Msg: 7392132

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Non-Tech : Wal-Mart

WMT 102.62

+0.9%

Nov 7 9:30 AM EST

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To: Zophia T. who wrote (579)	1/20/1999 9:45:00 PM
From: MonsieurGonzo	Read Replies (1) of 1166

Zophia; RE:" WMT " >Technically WMT has peaked... ...superb read; evening star reversal candlestick is centered on 07-JAN-99. The entire RLX.X - Retail Sector has been under-performing the S&P-500 ever since. From 83-5/8 perceived TOP to ~55 at beginning QTR-4 I have short term fibonacci retracements overlayed by longer-term fibonacci lines based from ~38 at beginning of QTR-1 1998: 100+ = Frenzy Scenario 97-5/8 = Far Target 92-3/8 = Near Target *83-5/8 = apparent* TOP*, 85 strike resistance* 76-7/8, and probable 50d EMA area 72-3/4 69-1/2 66-5/16, and probable 200d EMA area 61.25 +/- 0.75 = Panic Scenario ~55 = 3-month fibonacci basis to 83-5/8 TOP ~38 = 12-month fibonacci basis to 83-5/8 TOP ...and I have the short-term UpTrend Line drawn between CLOSE 01-OCT-98 and CLOSE 03-DEC-98 and beyond, actually violated around 12-JAN-99 CLOSE; with WMT attempting, but failing to technically pull-back to this old UpTrend reference. What were your tea leaves based on, Zophia, and what is your current projection for this RLX.X sector bellwether ? -Steve

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