Thursday, July 5, 2012

Anyone Who Has EVER Bought Wal*Mart is Profitable (WMT)

That's the thing about new all-time highs.
The stock is trading at $70.99 having eclipsed the Dec. 31, 1999 high on Tuesday.
In this series:

June 4 
Say What You Will About Wal*Mart (WMT)
June 4 
Breakout! "Wal-Mart Shares Jump As Broad Market Struggles" (WMT)
The old time chartists had a rule of thumb that the target of the upmove was as high as the plateau under the breakout was long.
Of course it mattered what the ratio of your X and your Y was and whether you used a log or arithmetic presentation but you get the point....
June 8 
The Wal*Mart Breakout Appears to Be For Real (WMT)
June 20
Wal*Mart Approaching All-time High (WMT)

 The size of the rise...

You tel me where this thing is going, I don't trust my slide rule (dug out in memory of the oldtimers):

Chart forWal-Mart Stores Inc. (WMT)