nmike
Long

CMG weekly update

BATS:CMG   CHIPOTLE MEXICAN GRILL, INC
570 7 5
DON'T BE LATE. Follow the technicals not the so-called fundamantel experts. Price target $344
Great Chart !
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CMG at channel boundary, a clear break could see CMG revisit previous high
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Amazing! can't help laughing after reading your chart and the disagreement of the first comment, and loading the data since your charting to see the result. I wish I can gain this vision to see 6 months ahead by reading and practicing your approaches. Not sure why DPO, a cycle identifying indicator, was used here, instead of TRIX, FISHER or other momentum indicators that you normally use in your analysis.
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nmike huntingsniper
@ huntingsniper, don't wish, you can do it too, not that complicated just don't include personal biases into technicals, and fundamentals are a hindrance more often then not. I like using DPO sometimes because of it's ability to show exhaustion moves,(a DPO bar that is higher then the ones on either side) but those bars must be confirmed by candle stick price action.There are some on this chart if you can spot them. If you want to laugh some more, read the comments on these 2 published charts.
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.....a nice target HIT :)
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update
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