A one-half point chart of WMT provides two preliminary upside targets. The first count of 2 1/2...
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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...
Psychology
Distribution is only possible when the mass of traders are positive on the market. Published...
Selling Turns Aggressive
After a correction to E, the index rallies weakly before gapping to a correction low at F. By now...