'Ol J.L. would probably have something really clever & snappy to say about CMG and it's attack on the 300 level today. Unfortunately he's not around to speak on it, but I did get this interesting note with my burrito bowl tonight.
Profile of Market Leader : CMG - weekly chart
http://screencast.com/t/UYcEAhMNZL
Daily volume on this break of 300 was acceptable. Had it been closer to 300 prior to the start of the day the move through 300 would've been stronger I think. Time will tell if CMG wants to exist above 300. Be quick to act if this level doesn't hold. And also note a very sharp rise up and out of the ascending upper trend line may trigger a sell signal. So best you be on your toes!
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