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Re: None

Sunday, 12/28/2014 3:33:40 PM

Sunday, December 28, 2014 3:33:40 PM

Post# of 4721
NFLX Fib Timing & Price Crossing

A fib price cluster should have an extension, a retracement, and symmetry in a fairly tight range. Here in NFLX we only have two out of three. We do have a fib timing cluster which is always composed of fib extensions. For timing we have a 227.2%, 161.8% & 261.8% clustered on 12-15 & 12-16 with two of three falling on 12-16.
The low on 12-16 was 316.00 which didn't breach the suggested support of 311.06 thru 314.14. The timing & price cross could signal a reversal. The pattern post earnings into 12-16 could also be the not so obvious algos hunting for stop loss orders. Because it looks exactly like what is shown, price pushed past the prior swing low and past the low on 10-16. Nothing is certain. If we get the 8/34EMA crossover to the upside with a DMI crossover combined,
I might do 60 day calls, selling weekly puts spreads along the way.

Cheers



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