Trade the Cycles

Friday, July 27, 2007

.....StockCharts WMT Gallery Chart #2 Is Wrong

StockCharts WMT Gallery Chart #2 is wrong (http://stockcharts.com/charts/gallery.html?wmt), since it shows the October 2006 cycle high to be 51.47, when in fact it's above 52, see http://finance.yahoo.com/q/ta?s=wmt&t=1y&l=off&z=l&q=c&p=&a=m26-12-9%2Cp12%2Cfs%2Cw14&c=. ASK Research also shows the October 2006 cycle high to be 52+.

I'll do a big picture WMT Elliott Wave chart this weekend, probably using a Yahoo Candlestick chart and their historical data for cycle highs/lows. This is sad, because StockCharts charts are great, but, one has to be able to trust the data/charts.

....... http://www.JoeFRocks.com/ .