What no one is really talking about with the uncertainaty in Egypt and the uncertainty of a correction is the money flows that will occur. There will be a MASSIVE flight to safety will flow specifically to companies with very strong balance sheet low multiples and clear future.
NFLX has been propped up the past 6 months through short squeezes and short term financial gimmicks (e.g. cutting marketing to report higher profits this quarter). But, the trend to lower gross profit per customer is clear so multiple compression will undoubtedly set in.
Add the threat of not only Amazon but Google encroaching on the space and folks seeking "safe" investments will run for the hills. The institutional squeeze will die and this will fall 50-80 points in the next 3 months (probably after next quarter's earnings show the deceleration of profits, but possibly as soon as the Starz content renewal costs become clear).
Bottom line, money will be flowing out of NFLX throughout any "correction".