I felt compelled to put this chart of NFLX up. This is why you need to position size, no matter how good you are sometimes you are going to get caught. If you are long here and waited for a reversal, you are getting killed. People need to consider position size relative to their account very seriously. And now back to our regularly scheduled programming.....
Had a small earnings beat so went up after, dropping like a stone since. Wonder what the back story is given the positive noises after earnings. Anyways, 21% drop from $380 to $300 would trigger stop losses for many.
yeah I was responding to Mav's earlier post about why guys blow out, in short leveraged directional trading.
Ah OK, but I'm still curious about why it's dropping like a stone. Haven't seen anything negative, other than something about a row with Comcast.
Number Lines Okay - last one for the week. Promise Per today's data, I added the weeklies to the 11 sector and various symbols. Look at the VIX Mav Volatility Index at only 2. Question about confirmations Mav: You can see that XLY is -4, -7 and -11. In most all cases do you like to have the 5 day at a -5 before they all confirm? Or .... Thanks
Hello trilogic, I'm not aware of anyone ever posting on the thread that they had automated the number line.