$NFLX kicked my ass

if you look thru or have been reading my blog you’ll realize that the patterns do fail .. invariably when this occurs I’ll go back to the drawing board and come up w/ another PATTERN.  check out WYNN … you never know what’s going to happen and the PATTERNS do fail. manage the risk …

$NFLX has beaten me – alot. Uncle ….

Netflix Reverses: Could Icahn’s Move Mark NFLX Stock Top?

http://bartscharts.com//?s=NFLX

that being said, I hit erase all on $NFLX chart and took a fresh look at it … I still see 5 waves up w/ no RULES broken so the count is valid and there’s monthly bearish divergence and we are about to tag the upper long term trend line that is roughly 10 years old.  I still say be careful up here but .. again … UNCLE.

but what’s the next pattern or set of target areas?  No flipping idea …nope, not going to do it.

“f’it dude, let’s go bowling”

Author: BART

BART is a CMT and an expert a "advanced" pattern recognition used w/in the intermarket analysis discipline. He's also an accomplished Business Development Executive providing solutions to a myriad of business markets. View all posts by BART