Technical Analysis of Financial Markets

Monday, September 22, 2008

Whole Foods Market Inc. (WFMI)

Having declined 360% within a 33-month period from all-time highs projecting an Elliot a-b-c move; operator of natural and organic foods supermarkets, Whole Foods, is seemingly finding support at $17.50; -a level last seen serving as support 6 years ago. Enter short on a weekly close below $17.50 otherwise remain long.

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