This is not much of a throw over for such a long run. Perhaps it turns into an ending diagonal. If so, it's first move down starts today, perhaps tomorrow to define the lower rail.
Wednesday, March 5, 2014
CMG within days of peaking. Perhaps less but not more.
I bet few believe that CMG is ready for a 50% haircut but the charts are whispering "trees don't grow to the sky".
This is not much of a throw over for such a long run. Perhaps it turns into an ending diagonal. If so, it's first move down starts today, perhaps tomorrow to define the lower rail.
This is not much of a throw over for such a long run. Perhaps it turns into an ending diagonal. If so, it's first move down starts today, perhaps tomorrow to define the lower rail.
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2 comments:
Come on Captain, you don't think a burrito chain is fairly valued at $18B+??....nice work again and appreciate your knowledge, efforts, and willingness to share with those that will listen.
-J.T. Marlin
Hey J.T., I don't think burritos have anything to do with whether the chain is worth 18 billion. Business is business. However I do think that the shares are pumped up just like Google and Priceline and many many others.
It's not the burritos that are making the foul gas smell. It's fiat currency and fractional reserve lending and man are they stinking up the place!!
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