WOW - Woolworths Ltd

Chart Forum » Stocks - ASX: short term (strictly TA) » WOW - Woolworths Ltd

«« Previous Next »»

Thread Start New Thread
Last Poster Posts Pages Last Post

Author

Message

dennis_menace

Member

Post Number: 1073
Registered: 09-2002

Rating: N/A
Votes: 0


Thursday, July 03, 2008 - 08:28 pm:

Hi,

I was of the opinion that when we are in a bear market (as we are presently - my scan tonight came up with 2 stocks hitting new yearly highs as opposed to 148 hitting new yearly lows

- that a good defensive stock(s) to buy are food shops e.g. Woollies, Coles etc.

Maybe this is no longer the case?

(Message edited by dennis_menace on July 03, 2008)

coyotte

Member

Post Number: 611
Registered: 12-2002

Rating: N/A
Votes: 0


Thursday, July 03, 2008 - 09:09 pm:

WOW

came up on a EW scan 3 weeks ago

the Wkly count has it in W3 of a 5 wave down move .

W3 ending around $22.50 , then UP into W4 to around $25.50 to $27.30
Note: is still in W3 (DN)

Then Down into W5 -- Projected Targets $18.60 to $14.20 (At this point in time -- targets will change )

depends how severe the the sell-off after W4 completes.

looks like a nice SHORT coming up .

cheers

(Message edited by coyotte on July 03, 2008)

Incredible Charts
Free Charting Software

Auto-Fit Trendlines

Trend Channels

Linear Regression
Channels

Raff Regression
Channels

Standard Deviation
Channels

This too shall change. (16th verse Tao Te Ching )

captain_chaza

Member

Post Number: 3260
Registered: 02-2003

Rating: N/A
Votes: 0


Thursday, July 03, 2008 - 09:36 pm:

Ahoy Dennis the Menace

I heard Marks & Spencers in London lost 25% last night

Crikey!
What would those Greedy Poms know anyway, Hey?

Salute and Gods' speed

"While we stop and think, we often miss our opportunity." Publilius Syrus, 1st century B.C.

"I believe the future is only the past again, entered through another gate."
Sir Arthur Wing Pinero 1893

"There are two times in a man's life when he should not speculate: When he can't afford it, and when he can." Mark Twain, 1897

coyotte

Member

Post Number: 614
Registered: 12-2002

Rating: N/A
Votes: 0


Friday, July 04, 2008 - 01:18 am:

although the diverging TMF was signaling a warning from early Sept 2007 through to Jan 2008 , it certainly would have prove fatal since .

This too shall change. (16th verse Tao Te Ching )

dennis_menace

Member

Post Number: 1074
Registered: 09-2002

Rating:
Votes: 1


Friday, July 04, 2008 - 10:37 pm:

captain_chaza wrote on Thursday, July 03, 2008 - 09:36 pm:
Ahoy Dennis the Menace

I heard Marks & Spencers in London lost 25% last night

Crikey!
What would those Greedy Poms know anyway, Hey?

Ahoy Captain,

I bought back a pair of black M&S trousers from my last trip there 3 years ago. They still look better than the guy who wears them!!. 25% fall last night not surprising given they presently have there 25% knock down sale on atm!!

Cheers
DTM