Tuesday, March 6, 2012

WMT Trade Idea Follow Up

Yesterday I updated Friday's original short trade idea in WMT as it was breaking above the bear flag just as I had hoped to see, today it is back inside the bear flag.

 This is WMT's close yesterday, I would have preferred a close outside of the bear flag and we may still get it, but we have to deal with what we have right now...

Intraday this is what WMT looks like back inside the flag, as I mentioned yesterday about phased entries, there's that possibility and some of you may have began that process yesterday, but the final phase for me personally would be the move below the lower support of the bear flag at the red arrow here.

Again, I have this on my watchlist, I'll let you know if anything big changes.

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