NFLX - March 23, 2009

charts courtesy of stockcharts.com

on February 16, I wrote about a video Adam Hewison of Market Club had released on Netflix, and then presented my own analysis

This is the link to Adam Hewison's video on NFLX

As it turned out Adam's call on NFLX was superb, and my own analysis of NFLX was right on the money. NFLX pulled back to what I had identified as a support shelf, and then bounced off of it to push past resistance at 40


This is a closer look ath NFLX price action


I cannot say how far it may go. I would start my exit plans if I were long. I, personally, would not go long with new positions here.

Adam's call was great in pointing me towards a potential trade. My own analysis helped time the trade to perfection

That is how we should take advantage of the experience and insight of others. They show us the setup, we do our own analysis to trade the way we like.

Thank You, Adam.