Silicon Investor (SI) -- The First Internet Community

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.

Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: John Pitera who wrote (8503)	12/5/2007 12:03:27 AM
From: estatemakr	Read Replies (1) \| Respond to of 33421

Good evening John, I really seem to have struck a nerve with you when I brought the subject of WMT to this board. With all due respect, and I do love and appreciate your posts on other topics, but you are waaaaaaaaaaaay out in left field on WMT. 10?? What are you smokin'???

To: John Pitera who wrote (8503)	12/5/2007 10:06:13 AM
From: Hawkmoon	Respond to of 33421

Hi John.. If I may interject here a bit on the long-term chart for WMT.. I don't own the stock, never owned it, and I'm only offering a TA view of it.. If you look at the 10 quarterly data on the WMT chart, you'll see the stock is sitting on the bottom of the quarterly interval Bollinger Bands. Enter WMT, 10 years, and both the monthly and quarterly intervals into this chart: bigcharts.marketwatch.com The stock clearly has been under accumulation for the past quarter, and it would appear from those bollinger bands and quarterly stochastics that the stock is due for more upside, at least for the next couple of quarters (minus some news related downturn, in which the next support is $35/share). Again.. strictly a technical view, not a fundamental one.. Hawk