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Wal-Mart Stores trades on the New York Stock Exchange and is looking poorly.
With the return of so much dangerous exuberance on global stock market exchanges during the bear market rally which commenced last March I will not be surprised if WMT trades higher to about the $50 mark over the next few days to the upper limit of the deadly down channel it is in.
Egg on the face time? Perhaps.
WMT closed yesterday (Monday 13th July 2009) at $47.83. Trading in New York will commence in one hour's time (Tuesday 14th July 2009).
Over the next several days/weeks I expect this stock will be trading at a minimum of $40.94.
Here's a link to watch the progress of Wal-Mart:
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