wonder if bears ran out of bullets. could've been a very minor 3rd push down to below 121, and that's about it for the day. just thinking out loud here...and seeing if i get any responses from you guys.
red ma (ma200) sometimes a good support, so maybe a pause but reiterate the target, it's the MINI target and reiterate this should be 2 legged pullback. we're on the very first leg.
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Corba~ check with the PMI chart, volume surge which means exhaustion.
Stupid me, wanna to sell at this morning but click the buy .... Can I hold to tmr to see if ER can save me?
Cobra wrote:red ma (ma200) sometimes a good support, so maybe a pause but reiterate the target, it's the MINI target and reiterate this should be 2 legged pullback. we're on the very first leg.
Hi Cobra, why do you say "Mini" target? Do you think it has possibility to go below this?
wayne0708 wrote:Cobra:
sorry for asking numerous time. It's just that at work I have to minimize windows and in and out of your blog frequently. Very uncomfortable environment i am in, but thanks for being responsive
that's OK. I know this kind of working environment. at least you still can see something.
Here is the invisible browser you can use to shield people while working in the office. Enjoy.
Bulls fighting hard to have a wave 5. They'll need to hod it up into the close and gap it up tomorrow to really freak the Bears out before selling all the late comers out at the top.
AK84 wrote:guys call me crazy but you all know ive been aggressively short nflx via puts since 240 in and out . i think its time to buy small call position . i see +ve div on daily chart....could b good for a vol increase to earnings then its upto u if u want to play those or not .
Personally, I'd like to see it come down to 95ish before I'll enter a long side trade. I remember MOS & POT post-bubble activity, so it would just be for a quick trade only. Given the S&P sell setup in play right now, we could be lucky enough to see NFLX dip back into that 95 range before Monday after hours earnings release. They are certainly at a much more manageable P/E now.
lqiantobe wrote:Corba~ check with the PMI chart, volume surge which means exhaustion.
Stupid me, wanna to sell at this morning but click the buy .... Can I hold to tmr to see if ER can save me?
no one knows what happens after ER, don't bet heavily.
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AK84 wrote:guys call me crazy but you all know ive been aggressively short nflx via puts since 240 in and out . i think its time to buy small call position . i see +ve div on daily chart....could b good for a vol increase to earnings then its upto u if u want to play those or not .
Personally, I'd like to see it come down to 95ish before I'll enter a long side trade. I remember MOS & POT post-bubble activity, so it would just be for a quick trade only. Given the S&P sell setup in play right now, we could be lucky enough to see NFLX dip back into that 95 range before Monday after hours earnings release. They are certainly at a much more manageable P/E now.
I like 95 -97 too and its been my target (200 MA weekly) but this sucker isnt breaking 105 and its super oversold with +ve div. u cud be nimble but if it gets to 95 im trading it long for sure for a quick bounce