The Highly Useful Five Day Broad Market Walmart (WMT) Lead Indicator is Very Bullish

The highly useful five day broad market Walmart (WMT) Lead Indicator is very bullish, and, note that it became more bullish toward sessions end today 10-17-08, see http://finance.yahoo.com/q/ta?s=%5EHUI&t=5d&l=off&z=l&q=l&p=&a=m26-12-9,p12,fs,w14&c=wmt,%5EGSPC, which supports the likely scenario that SPX (S & P 500, http://stockcharts.com/charts/gallery.html?%24spx) will try to fill it's upside gap at 998.01 from 10-15's open on Monday, completing (doing Wave 5 up) the very short term Wave 1 upcycle (Wave 1 of a short term Wave 3 upcycle) that began early yesterday 10-16-08, see http://finance.yahoo.com/q/ta?s=%5Espx&t=5d&l=off&z=l&q=c&p=&a=p12%2Cfs%2Cw14&c=.

SPX (S & P 500) and most indexes/sectors will probably be firm on Monday, during early to mid session at least.

The broad market Walmart (WMT) Lead Indicator was a bearish -0.94% versus the S & P 500 (SPX) today/on 10-17, and, it was an extremely bullish +4.88% on 10-16, which jives with SPX's very short term Wave 1 upcycle (since early yesterday 10-16) peaking on Monday or Tuesday.

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