Tuesday, March 8, 2011

NFLX update 03-09

On Jan 31 I looked at Netflix and said it should top (be a short candidate) in mid-Feb.  http://swingcycles.blogspot.com/2011/01/is-ntfx-short-candidate-1-31.html 

Well, you should know what has happened since then. 

So let's look at NFLX now.  It appears NFLX should put in an intermediate bottom by mid-Mar.  I suspect it closes the gap after earnings first. See for yourself:

GL traders.  Do your own analysis. 
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4 comments:

  1. arevamirpal::laprimaveraMarch 8, 2011 at 4:32 PM

    yup. 180, 170, then 150. I'm short AMZN, has worked so far.

    BTW inlet, don't bother the Yahoo SKF board. That jerk started to appear, with his brand of TA, and totally ruined the board as far as I'm concerned.

    ReplyDelete
  2. InletMarch 9, 2011 at 3:33 AM

    Arev - His brand of TA is the GOYA model of TA (Grab it Outta Your A**). At least I have taken the effort to explain my TA model and how I believe it should work. People have the basis for making a judgment and accepting or rejecting it.

    Now - no TA method is perfect, but each is a tool to try and better understand and anticipate market movements. I often admit my errors or failures at interpretation.

    As to the SKF clown - people like him have been on Yahoo msg boards since they began. Glad your AMZN short is working. Some people lack a life.

    ReplyDelete
  3. arevamirpal::laprimaveraMarch 9, 2011 at 12:33 PM

    I went short when that jerk started to spew venom and tell his "followers" that the market would go up. That MB is such a good contra-indicator, though unscientific.. Thanks for your charts. I find them very useful.

    ReplyDelete
  4. InletMarch 9, 2011 at 3:51 PM

    arev - I appreciate your support. People who find my work useful gives me a reason to continue trying. Hopefully, over time I get more contribution from people who visit my humble site.

    ReplyDelete

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