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Gold/Mining/Energy : Gold & Gold Stock Analysis -- Ignore unavailable to you. Want to Upgrade?

To: yard_man who wrote (9916)	11/15/2007 10:11:19 PM
From: patron_anejo_por_favor	Read Replies (1) \| Respond to of 29622

I do...disclosure: I'm Short WMT.

To: yard_man who wrote (9916)	11/15/2007 10:46:00 PM
From: SwampDogg	Read Replies (1) \| Respond to of 29622

WMT is in one of the longest consolidations in market history. Most consolidations break in the way that they came in which would mean higher. It is one of the LT charts that I watch closely and makes me lean towards a very bullish resolution for the whole market. Right now it is just plain neutral, if $40 goes on the downside we probably have a depression on our hands, if $50 goes on the upside the stock probably sees $100 in the next 5 years and we have an inflationary mania. It is just as simple as that. I would not be short...FWIW the chart is the same as MSFT and that gapped up and looks very good. These look like ABCDE triangles...very bullish IMO and they tend to not fail.