Wal-Mart shares are suspiciously hanging out at $77.7 today. I think we just saw the top of a throwover that will now reverse strongly downward. This looks to me like a triple top waiting for confirmation. If this plays out like I think it will, it will also be the "kiss goodbye" as Prechter call it where a stock breaks long term support and then goes back up to test it from below to see if the resistance is real. With the middle class disintegrating in the US, the fundamentals support much lower profits for Wal-Mart going forward and the monied elite know this quite well.
I've long been a believer that elite signal each other with Biblical references woven into the markets. Do you know what the exact bottom of the S+P 500 was back in 2009? Yes, that's right 666. No, really, you can't make this stuff up because it is a matter of historical record. Note the date. 3-6-2009. March 6th was the 65th day of the year but it would have been the 66th day if 2009 was a leap year. But it was a Friday and there is no stock trading on Saturday so the illuminists who think this is funny probably had to settle.
Here is the chart from that day. That final green candle reached down to exactly 666. Probably just a coincidence and not a signal to those who are aware of such things.... (click on the chart for the full picture that might be cut off on the right hand side).
So did the market really bottom on March 6th? The Wiki says it was March 9th. But the Wiki is only looking at the closing prices. The intraday low was on March 6th as you can see by Yahoo charts:
Time will tell but I think Wal-Mart should change their company motto to "Job 38:11".
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