NFLX is going down.

Check out my previous post on the near term wave count of NFLX.  It predicted that the shares would peak at either the 38.2 or the 50 fib.  It hit the 38.2 nearly exactly and then began to collapse.  Look at how 1 of 3 broke down the lower rail.  With a PE of about a gazillion during risk off mode, NFLX has nowhere to go but down.