WMT has fallen 25% in the past fortnight ... over 15% in past...

WMT has fallen 25% in the past fortnight ... over 15% in past three days alone. Not so bad if you have held for months, but I pity the people sucked in at the top. Ten of the last twelve days have been down? Surely everyone agrees the short-term trend is down.

So lets look at this year's upleg, from around 10 to 44 odd cents. This puts the 50% retrace around 27c. At least this level has some consolidation and may provide some support on the chart.

As there's plenty of baseless up-ramping here, as a holder I'd like to examine the downside sccenario. No harm in that.

My charts have a resistance trendline across the top of the peak of 23-Apr and 4-May. the 2-May low looks set to fail, so that will signal a lower-low for mine, and confirmation that price is in decline. By my approach, under 40 I hold ... under 36 its a sell. Under 33 its torched.

Price action says decline. No buy signal here. Anyone agree with this view?

(I hold for my SPP stock.)