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Showing posts with label CMG. Show all posts
Showing posts with label CMG. Show all posts

Saturday, October 20, 2012

Elliott Wave Analysis of CMG (Chipotle)

Blow offs always end in tears as the holders of this stock found out, in a few short months what took just over 3 years to get to the peak, in a few months 50% has been lost

Simply vanished from the giant ponzi scheme that this stock was, everyone loves this stock when its going up, but when the rug is pulled, we see this stock for what it was, a great big ponzi scheme

So it cant happen to AAPL right??

Just before the highs i posted this chart of APPL

Side by side we can see what happens when these types of moves breakdown

Earnings are out next week, it will be an interesting week for AAPL and the NDX if AAPL don't deliver