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Non-Tech : Wal-Mart -- Ignore unavailable to you. Want to Upgrade?

To: kendall harmon who wrote (1033)	7/7/2000 12:13:11 AM
From: Robert J Mullenbach	Read Replies (1) \| Respond to of 1166

Points to keep in mind on WMT, members.home.net In the past I talk about Wal-Mart and nothing has changed in my analysis. We are in a contracting triangle. Because of the cycle I presume it is a bullish triangle and as long WMT does not close below 49 that's the best way to count it. For the short term, it is possible the triangle is over but I am leaning towards wave ( e ) not being completed yet. The current rally would be wave b that should move past 56.25. Resistance is at 57. Then the wave c should get underway to complete wave ( e ) of the triangle and in the same time terminate wave 4. There's very good support between 50-51. Thereafter wave 5 should begin in earnest to bring WMT to new high. Moving above 60 will be the first sign wave 5 is indeed underway.