Chipotle Mexican Grill (CMG)

all, the burritos out her in San Diego are the best in the country- there I said it. I have a couple favorites and me and my son have a tradition of grabbing a Carne Asada or Cali Surf burrito every time we jam on some early morning jam sessions in the water surfing. the burritos blow anything that CMG can put on the menu BUT their stocks (don’t think any of them are publicly traded and most are local dive Mexican joints – the best type, right?) aren’t flying at over 1300/share. But CMG is …

if you search on my blog you’ll see we were all over the high at/around 700. then, frankly, I lost track of it and came back it to recently and was like “YOWZA DUDE!”

so, here is the biggest “other” w/ the CMG chart … it’s the 2009 low. It’s BARELY below the IPO price. But, because we try (operative word along w/ hope) to count waves we BREAK a rule by labeling it 2 after the IPO. folks we only have 3 rules and one of them is 2 can’t go below the origin of 1.

that’s the purist …

me, I’m not sure what I am so I’m going to allow a little slippage here and there …so here’s my count and if you give me that little/minor break of a rule w/in EWT then we have a VERY CLEAR 5 wave count …

and here’s some of the math and geometry looking for the shown prize zone for targets to complete this run ….1320-1380 ish …

having taken all of the other ‘stuff’ off the chart, I want to show you a very easy yet powerful way to create “true trend lines” … take any planet (helio) and then move the planet 10 degrees from an origin point (in this case we are doing the IPO date) and that is your TIME component. Now, just add 10 points to the IPO price and where they intersect – draw a trendline. you can see the closer/fast moving planets have a more steep angle and larger, slower planets have less of an angle.

now, use those angles and copy/paste them and place them on different points to see the natural trend … you see, these trendlines are constant and don’t change … the planets move at a constant speed for time immortal.

the origin of trend lines …Facebook

IF you believe that EVERY thing is vibration (some do, some don’t) THEN you might believe that stocks bounce around according to the energy they VIBRATE from their IPO and/or key inflection points (highs and lows, etc).

IF you also believe that the PATTERNS I post every now and then are governed by geometry THEN you’ll start to see and understand that the most “basic” yet fundamentally important aspect of what we are doing is based on 30,60,90 degree angles.

FAR too often we just use TIME or just PRICE and draw trend lines or “static” time cycles w/ a cycle tool.  Does that work? Sometimes yes, sometimes no BUT the key here is to SEE the chart (HINT HINT take off all the lagging indicator bullshit) and just look/study a chart based on PRICE and TIME.

FB .. has changed the world man.  Cool .. but to me, it’s just a chart and a powerful chart.  ZERO swing low has been broken (on close) and I recently sent in my submission to Andy @seeitmarket for an update of a post I did using LOG trendlines and to BUY at 88.  I’m updating it because we are “converging” from the top and bottom (LOG scale) and it’s going to go either way. (Guess what, I don’t claim to know which way..)  But, it’s something to take notice …I’ll send the link once it hits the presses.

So, after doing that post I decided to draw some pictures before heading out on my new Stand Up Paddleboard.

  1. Find the KEY first initial impulse move (up or down)
    1. that key impulse move will define the geometry of ALL moves in the future. It’s the rock hitting the water and causes the waves ….
  2. Use a drawing tool and connect the highs and lows
  3. Get out a protractor and draw a 90 degree angle.

That’s it .. now, simply create squares.

***NOTE: FB has “never” closed (weekly basis) above the center trend line (the median and YES that is where we get the Adam’s Pitchfork). Note the blue boxes … every time it “touched” the center trend line it was rejected …NEVER closing above.

Now, someone w/ a fundamental background please tell me what P/E, multiple, forward earnings and all that other crap has to do w/ that trendline generated from a square?

One last, if you want, use PLANETS to draw trend lines.  Yes, planets .. folks, the planets are causing all the energy/vibrations anyway. they NEVER change speed (heliocentric) and leave footprints all over the place.  I’ll use Saturn, Jupiter and Mercury on $CMG and lets see what happens.  PROMISE I HAVE NEVER DONE THIS BEFORE …here’s what I am going to do:

  • CMG IPO DATE: January 26, 2006
  • MOVE SATURN, JUPITER, MARS 10 degrees HELIO and MOVE PRICE 10 degrees up. Where they intersect, draw a trendline.
    • from the IPO you can use the “O/H/L/C” to draw the trendlines.
  • Turn on Dark Side of the Moon
  • See what happens






$CMG update w/ @seeitmarket

@seeitmarket is one of the best places to get market research.  being a part of the @seeitmarket team of contributors is a blast and an honor. thanks Andy and have a great Thanksgiving Holiday.

Here’s the latest update for $CMG.  Posted back in Feb that a top was coming. Hit my target area perfectly but zoomed up to one more high.  More than likely would have been stopped out at entry. But note … it smacked right into the 180 degree square of nine target.

enjoy, let me know if you have any questions.

Is Chipotle’s Stock Chart Broken? (CMG)


this Mexican Food is HOT ($CMG)

CLIFF NOTES: well we looked for a top in/around the 610-620 level and it hit and fell 140 bucks.  BUT – it gapped threw the pattern to new highs. I still see a 5 wave count and would bet that this stock is at 250 bucks vice 800 in a year but that gap has 1 of 2 messages.  Crazy, unbelievable strength or one final exhaustion gap up/near the highs.  Strategy here is simple .. if long, enjoy the rid but cut bate if we ever close below 580.

Last, take a look at the chart below w/ volume … pretty interesting that every 13 weeks for the past 2 years a spike in volume has occurred ….hmmm.

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