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CBGI — 3-day surge – If, Then… Market Timing

CBGI — 3-day surge

By Rod David | March 17, 2014 - 10:40 am

CBGI did extend higher this morning, in-line with the three-day surge pattern (third day, if not actually its morning, should contain that leg”s peak). 

I am selling, not waiting for the potential up to 33 cents. Closing under 27.75 would start to confirm the 3-day surge wasn”t extending any higher. 

None of which has any meaning to the overall eventual potential — this is simply about trading, increasing and decreasing exposure as the market ebbs and flows.

Posted in Bigger Picture