Whatever the merits or faults of the count I have attached to this Netflix chart, I have little doubt that many US tech stocks are near or at the end of a very good run. The similarities between all asset charts that have experienced parabolic rises is uncanny. This is a totally bearish count and calling tops usually ends in tears so it will probably be wrong. However, assuming I am wrong, I really don't think there are many more legs up for this stock on the horizon with the daily chart tracing out what is possibly an ending diagonal.
Comment:
Netflix rolling over along with the rest of tech or just a correction in an uptrend. Not sure yet.
