In a series of articles examining Edson Gould's Speed Resistance Lines [SRL], we put some big name stocks to the test. The test was to see if Gould's SRL had any reasonable predictive ability to determine the downside targets for the stocks in question. The results have been astounding and are well worth your careful consideration.
First, we will review the SRLs for Netflix (NASDAQ:NFLX) and Green Mountain Coffee Roasters (NASDAQ:GMCR) and the outcome of the analysis related to Gould's indicator. Next, we will review the updated Chipotle Mexican Grill (NYSE:CMG) downside target.
*this is an update to our October 25, 2011 Seeking Alpha instablog with downside targets. The Seeking Alpha instablog can be found here: