timwest
Short

NETFLIX - NFLX - DAILY - Downtrend

NASDAQ:NFLX   NETFLIX INC
362 5 5
The last consolidation was 6 days and we are in day 3, 3 more days down potentially in this downtrend and since the last decline was 477 to 439 (connected to the last consolidation), the drop of 38 points could really be repeated here.

Tim 10:19AM 9/25/2014 443.64 last NFLX            
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2use
2 years ago
Tesla to go down. Markets are seen to go lower from many analysts here, Negative divergence looming on indexes...im sensing something is going lower in near future..
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timwest PRO 2use
2 years ago
Fortunately, I'm bearish on the market overall with shorts across the board and longs in some selected names. The market is moving down on a variety of news - Russians drafting law to allow them to seize foreign assets due to "illegal sanctions". This is also post-quad-witching last week when many hedges came off the market and those hedges are being put back on this week. This is also a holiday, so not all market players are in. There was a massive, multi-billion dollar, 4 minute long rebalancing earlier today which included a massive sell program in stocks and a buy in bonds. There could be more of that to follow...
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2use timwest
2 years ago
How did you know about the 4bil programme?
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timwest PRO 2use
2 years ago
I subscribe to an institutional news feed that gives me breaking news from trading desks across the markets. It's a hub of traders sharing info for the benefit of the group - paid, of course.
+1 Reply
timwest PRO
2 years ago
That's the power of "TIME AT A MODE" to stop the rally. I was still playing it close with that stop - Putting stops too close is what destroys most traders (in my strong opinion). You have to put your stop far enough away to keep you away from the noise of the market so you can capture the move you are looking for.
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