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Short

NFLX Short Setup

BATS:NFLX   NETFLIX, INC
195 3 0
After Friday's all time record breaking high on the SPX             , NFLX             showed significant weakness. I expect the recent upward thrust was over done and should correct back to the .50 fib and .618 levels.

Targets= 205-200, 160-158
looks like a cup and handle
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The only issue with the cup and handle here is that we know NFLX has most likely peaked during it's bubble status. I don't see the typical breakout that comes with the cup and handle. I'm short until at least around 200.
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devd12 TradeVulture.com
I agree on short until 200. Over a longer term, i see it as this http://screencast.com/t/FeH6inUBB0L ... you could call it cup and handle or double/triple bottom..
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