Wall-mart seems to be impervious to whatever happens in the market, as if it is living a life on its own. Even so a change may just be around the corner. In my mind this is still a 1-2, 1-2, and maybe another 1-2 situation. If correct the drop should start accelerating soon. Here is the chart.

$41 is a minimum expectation.

WMT is doing a 1-2, 1-2 start on the way down . Wave 3 should start now, perhaps coinciding with a generally up market. This is a most annoying stock but just as you are about to cave in , it may comply.

WMT is on its way to $42 for starters, where the triangle has its base. After that it should implode as it catches up with the S&P index’.

  This is the 5 wave up, the triangle is , of course the 4th, the 5th is a failure like most of us as we get older, it did not make a new high but it did meet its life script, almost as if mother-in-law is watching. This one is going to do the usual 50-62% retracement.

At least to $42 but potentially a lot lower, for instance if we are looking at a 1-2, 1-2 situation.

Stay short, the best is yet to come.

Pretty clear pattern, 5-waves up from 0 to $65, probable a FAILED 5th wave. Do not like that but does fit best with reality.

The triangle (usually a 4th) is clear as daylight, the 5th wave thrust falls short by about $5 from making a new top. Assuming this interpretation is correct than completed bull cycle is being corrected. Normally this takes the stock down 50-62% no problem, which puts the target firmly in the 30/20 dollar range. Wave 1 down was clear, and 2 retraced the anticipated 62% plus a little. Now in 3 down, where in 3, not sure.