Saturday, April 7, 2012

$CMG chart and setup 4/9/2012

going to be hard for me to get into this one. earnings are 19apr. has not had a significant dip since december. any credit put spreads along the way would have been a winner. its run so far that there are now levels to shoot against.. stairs up elevator down if it disappoints. only setup i see is some type of selloff down to the 50day at least, then maybe use that higher volume day in feb to shoot against for credit put spread. initial alert at 405 to get on radar

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