[WMT] off 30% from its highs

I was early in calling the top on WMT last year but my world view has proven correct so far.  WMT can't raise prices without killing off its low end customers but it is under increasing pressure to pay higher wages.  What could possibly go wrong with that?  Clearly the chart knew this well in advance.  At this point, however, I would not initiate new short positions.  Sell the rally, not the dip.  After 5 waves down are complete this could go decide to fill that gap at $72.

Are stocks a store of value?  Not hardly.