Examples: CMG stock: 2006-2014
(C) 2014 Wm. Schmidt, Ph.D. 7/22/2014
Before the last case, there have been 16 red high volume days
for CMG at or near its upper band. In 14 cases CMG needed
to consolidate for at least a month and else fell back to its
21-day ma or further before continuing its advance.
The exceptions were Oct 2010 and October 2013. This
suggests the odds of a reversal are 14/16 (82.5%)
Ita PE is now 48X consensus estimated 2015 earnings.
