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CURRENT MARKET TREND: Up 5/27/16 @ 2090
Stop-loss 2026

Thursday, September 5, 2013

NFLX - Double Top at 305 area?

Netflix is running up in what I believe is a wave 5 of major degree.

Weekly Chart:

There's a chance this stock will run up to 500, but I believe it is overdue for a correction. When zooming in to the daily chart we can see it is finishing what I believe to be either all of the 5th wave of Major degree or leg i of 5. A decent correction is due. I will be playing the NFLX October 2013 280 puts on this. This IS NOT an official trade alert and I'm only spending about 3K on the puts.

Daily Chart:  


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