CMG, Chipotle Mexican Grill Inc.

cmg 2011

What bear market? This one is like Netflix, but trading at a modest of 50X. Are we there yet ? Probable not yet. Bull moves, impuls waves or whatever one wishes to call them normally follow the standard 5-wave pattern. But there are all sorts of 1-2, 1-2 type of situations, extensions and so on that throw the proverbial monkey-wrench into the count. The way to solve this is by simple counting the speed bumps, they have to add up to 5, 9,13 etc. We have done (or are still doing) 8. So one more, perhaps 290, but hardly worth waiting for.