Monday, July 22, 2013

NFLX Update

I have more alarms going off for NFLX than anything, I would like to have added and may still if there's a decent area, but it doesn't look like these intraday 1-2 or 3 min divergences can compete with the big picture, this is what I was saying earlier today as this is getting to be more important than ever.

" Looking at the bigger picture and you don't need to step back very far to see it,  there's a lot of problems for the averages and they are so close now that it's becoming difficult to decide between timing and the bigger picture/ not missing the trade over a few percent."

 NFLX 3 min where it looked like the second bottom was going to get enough accumulation (as the first didn't) to make than run above the rounding top or "Reversal process".

However as the paragraph above says, it's getting harder to make those determinations between what is patience and what is myopic.

A 3 min chart like that above doesn't compare to the "Big picture" that you don't have to step back far to see..

15 min NFLX...

I'll keep alerts on it as we still have several hours and I'd sure love to get a put position here.

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