We have traded WMT in the past both long and short. But the upside potential for the stock is now...
Author - Andy Richardson
Terminal Shakeout
A corrective rally to N recovers nearly one-half of the decline from K to M. The rally peters out...
Trading the Short Side: Shorting Stocks
We are of the opinion that WMT has been accumulating since at least early 1994. A big upside move...
Sign of Strength?
A one-half point chart of WMT provides two preliminary upside targets. The first count of 2 1/2...
Reaccumulation
Indifferent relative strength kept us out of WMT during 1992, even though the stock’s nominal...
Relative Strength Divergence
The next chart shows the normalized performance of Wal Mart (WMT) and the benchmark against which...
Module 4 – Relative Strength
Computing Relative Strength Here’s a mental experiment in relativity: Imagine that you are...
Liquidation
After we sell short at L, we have only to wait for the index to tell us whether our judgement is...
Selling Short
From K, a rally begins. If the rally is merely a correction of the oversold condition at K, rather...
Sign of Weakness
Our outlook for this index at I is now bearish enough that we have liquidated our long position...