Algokid
PRO
yeah, definitely buying puts IF closing below 10 month SMA and Stoch in Red area
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timwest
PRO
Re: CMG. I think selling short against the HIGHEST MONTHLY LOW (April's) should provide a low-risk entry level. Notice that is also where there are 4-months of trading action (March, April, May, June) which should represent excellent supply and resistance to price advances. The target could be down around $360, just above the red-dashed line you have labeled. That price represents the low of the last 6 months and a natural level for bottom fishers to come in or short sellers to cover positions.
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nmike
MOD
timwest
agreed Tim, thanks
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timwest
PRO
nmike
I meant to short this yesterday and certainly would be covering had I done so. Nice teamwork :-) Cheers. Tim
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Algokid
PRO
Excellent work Mike :)
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nmike
MOD
Algokid
...thanks Algo,and keep up your good work
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