Interesting that [TJX] just announced wage increases right when its chart looks ready to head down.

This is my first post on TJ Max ever.  I only am doing the post because I read the recent article about these low end retailers increasing employee salaries.  I hadn't realized that the share prices of these things had gone exponential like this.  $3 to $69 since government began interfering in the markets to prop up dot bomb....  This is where the wealth inequality statements come from.  Rich people are looking at their share prices in their accounts and chucking about how rich they are.

No wonder mgt is raising salaries.  Of course, exponential charts never hold up forever and no it won't be different just because its a clothing store!  This new salary policy is going to weigh on earnings folks.  A lot of the profits that have been kept by the corporation heads and the shareholders will now instead go to the workers.  This is not going to good for the shares and anyone with a brain of any kind will recognize what this recent salary move, small though it may seem, will eventually do to profits.

Bottom line: GTFO.  Yes it could still climb to ~$72 so that blue 1 and blue 5 are the same length but I would rather miss out on that $3 profit than risk this going down quickly with me in it.


Amazing that these announcements come right near what could be viewed as a 5th of 5 double top.  If it holds then TJX has got an owl starting down on it.  On the left, the olive is 23.6 fib, green is 50 and blue is 61.8.