Inflection Point?
Walmart doesn’t have far to go in either direction, to define the next move.
Before getting started, let’s go back to comments made about WMT from September 4th, on this post:
“WMT, just might continue to grind higher to post above the 103-area to take out stops … maybe.“
Of course, it was a ‘maybe’; we’re dealing with probabilities.
With that said, the ‘maybe’ happened.
Walmart WMT, Daily
At the far left of the chart is WMT’s all-time high.
Next, we have a lower high on August 8th.; now, we’re in ‘up-thrust’ position.
Data coming in, here and here, indicates the market(s) may be at an inflection point, minor, or potentially, major.
The second link is especially well-done; it methodically steps through the mechanics of a potential high.
Stay Tuned
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The Danger Point®, trade mark: No. 6,505,279
The Danger Point® 
I was new to trading in 2022 and struggled mightily and channels like MyStrategicForecast as well as Lance’s before the bell reports helped me a lot.
I still check in on MyStrategicForecast from time to time, but nowadays I use traderlion more. A lot of great stuff there. I wish Stan Weinstein did more interviews. I don’t agree with all of his takes but he still has a good feel for the markets.
Funny story, there’s a March 27 2025 interview with Stan Weinstein and somewhere in it he pointed out how the junkiest stocks like MicroStrategy and the like led the recovery and it looked like a short squeeze. Your own site made a similar post on March 28 titled “Carvana’s short interest drops” (despite its stock price falling.) And then stocks plunged shortly thereafter going into the April lows. Sometimes I’ll be digging around on the internet and notice weird synchronicities amongst money managers. It gives me clues. Maybe I let in too much noise, but I like turning over as many rocks as I can.
As of late I’ve been doing too much overtrading. And I’ll check out that shadow trader site.
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That was a fantastic comment. Thank you,
I remember the Carvana post. One of the points being made was psychological. If you have been beat up by the markets for so long (being short), when it finally starts to go your way, you get out just to quit the pain.
On a separate note, if you just started in 2022, and are referencing this site and others, you are well along your way.
If I can suggest the one book that is almost a given for those using the Wyckoff method (if you have not read it already) is ‘Studies In Tape Reading’, published by Wyckoff (Rollo Tape) in 1910.
Few in the industry know, as far as I can tell, ‘support’, ‘resistance’, ‘accumulation’ and ‘distribution’ (mark-up, mark-down) are his definitions. They did not exist before him.
Thak you again,
Paul
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