Above is the Daily Chart:We had a spike on the CCI, which almost always leads to a new high. In this case we did have a new high which was on 12/1/2010. We have now moved downwards with a nice bullish divergence on the MACD histogram. My theory is that a new price high would a be perfect short entry. I believe the short term, 1-2 weeks could be up for NFLX. Thats what the charts are telling us.
Currently I am short from $181.00 looking to short more.
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