NFLX sporting a declining double top

The NFLX chart is good proof that people have no idea what to value stocks at.  But I think this is going to end up to be a declining double top.  This is a shorts DELIGHT with very easy strategy:  Short the crap out of it here at $440.60 and set your stop for $461.  Why?  Because the model says this is wave 2 and if that is right then the next wave down will be a monster.  But since models are just models, not certainties, not crystal balls, you always have to mitigate your risk when playing them.  EW is not a license to win. It's just a way of making smarter bets and getting better odds.

Getting stopped out for a $20 loss on shares going for $440 is less than 1/2% risk of loss and many tens of percent profit opportunity.  This is a bet that anyone can intelligently make: your mom, your college kid, anyone.  I didn't promise that it will work out but I do promise that you risk little to gain a lot and that is what smart gambling is all about.

By the way, if this is not wave 2 then it is something larger and I would question many many of my current assumptions if NFLX is poised to go higher.  NFLX above $461 would be a smart warning for any short seller to pay attention to IMO.