Thursday, September 25, 2014

Netflix chart is signaling that the movie is about to have a bad ending.

I like Netflix service pretty well but I hate its chart.  It looks to have just finished 5 rail bumps up and that looks like a giant a-b-c to me.   Remember, these rising wedges have a very bad habit of retracing completely.  My target for NFLX is $40-$60.  This thing is going to get the living PE beat out of it in the coming deflationary crash.  NFLX CEO, raise cash NOW by selling more stock if possible.  You can thank me later buddy.



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