Reversal top was Monday...$25.61 close Tuesday.....further declines post Fed.
GDX teens on the way. Double bottom breakdown is coming in November.
GDX spikes a new 52 week low.
NFLX is set up to breakdown out of channel on the 60 min chart....Could fall all the way to $283 tmrw but probably pauses at $290ish.
What prudent fund mgr would not start booking NFLX gains here ?
If $290 gets blown this week....she is in real trouble.....the waterfall commences....trailing stops will be run like dominos.......................
Since you will clearly be the last to leave the NFLX party...please turn out the lights and lock the door when you finally leave...and Oh BTW....McMurtry and I took the #$%$ and the rest of the beer back to our place in case you are looking around for it all....have fun NFLX "greatest fool" $300 bagholder.
They will be run .... weak longs.
.....NFLX = Anvil....wait til tmrw when the DOW gives back most of this BS Summers rally that was engineered last night in the futures mkt to jam the SPX shorts....tmrw NFLX breaks down big time.
How stupid will you feel holding those $300 shares.....what the hail were you thinking !?