Sunday, September 18, 2011

NFLX 50% retracement

The 50% retracement point (took under 3 months) should be good for a reasonable bounce, especially considering the (capitulation) volume NFLX saw late last week. Out of the next low its tough to say where NFLX is heading, volatility will probably remain elevated for some time.


dennis the menance said...

I would like to pose a question about tech anly' how would the sudden death of a CEO or the sudden illness of a cEO or even the death of two or three senior ex of a company' How could these things be perdicted by tech anly.

pythagoruz said...

Of course, the CEO having a heart attack can't be predicted by anyone but his god and definitely not by technical analysis. However, technical analysis might help you decide how to manage your position going forward after such traumatic events. Steve Jobs stepped down from the CEO position at AAPL and the stock pushed ahead to new highs.