Elliott Wave Training

Are you looking to learn the Elliott Wave principle? Or maybe you already have some experience and want to find the ways to improve your skills better.

Click on this post for details:

http://wavepatterntraders.blogspot.com/2012/04/elliott-wave-training.html



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