Posted by: rp on the 4th of Jan 2012 at 01:42 pm
i noticed lots of chatter on CMG today. i am still short a small position that i’m underwater on so far but waiting for confirmation of a top to add more. CMG made new all-time highs today and yesterday yet the volume was miniscule. this one’s likely running on fumes at this point. a nice bearish engulfing candlestick would be a good sell signal/short-entry for a more conservative swing-trade. weekly chart below.
