I provided the model below In the backlink:
Right now this is at critical support. It either bounce here or breaks down. There is not enough prior data to know which. However, a gap down below support would answer the question handily. One
thing that might not be clear to many is that commodity deflation has made life very nice for anyone using commodities. So low beef and chicken prices have been good for CMG as low oil prices have benefited the airlines even in a weakening sales environment. But sooner or later enough commodity players will BK where those remaining will have pricing power and then comes the higher costs which will kill the profits at these service providers.
Sunday, November 1, 2015
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