lowtrade

[lowtrade]

HUM I took profits on GIG back Jan 9th. Haven't looked back, as I was stepping into FAZ for the S&P correction expected and got out of swing trading individual stocks until I saw that correction.

But enough of what I've been up to. Here's some observations about CIG.

If your in on the second flag step, I'd say could see retrace to the 2.10 area to close those emotion gaps. Then expect a third flag up.

Several rules of thumb I've posted about here for years.
1. flags come in 3's, with the third the largest.
2. 90% of gaps fill, leaving behind the first gap often.
3. emotion volumes come before sentiment change.
4. When the ADX line is below 15 or above 45, expect a large price move.

All seem to fit CIG since my heads up Christmas eve.

http://stockcharts.com/h-sc/ui?s=CIG&p=D&yr=0&mn=3&dy=0&id=p32869101610