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Netflix, Inc. Message Board

  • nw2000_ca nw2000_ca May 8, 2013 8:41 PM Flag

    Island top reversal:

    The first signal for an island top reversal is the formation of an exhaustion gap in an uptrend. As mentioned in the previous issue, an exhaustion gap is formed when the bulls try to take the market to extreme levels. In normal circumstances, these gaps are covered quickly with trading action and the price starts falling thereafter.

    Sentiment: Sell

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