$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?

https://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.

NFLX Monthly

NFLX Monthly

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”

3j18SOgHpctexz63m3r2EM6F_500

 

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: