Friday, February 2, 2018

Netflix - Done

Last Oct. 14 I posted here my entry, "Netflix - A Few More Months to Run".   You should go back and look at that posting.  Now let's look at its present status.  Here's the chart updated.  The only change I've made is to add the upper pane to show the cum vol since the beginning of the uptrend.

 
 Cum vol is now 3 billion shares, which is D, so this TopFinder is done.  This means we expect that the characteristic accelerated uptrend that's been going on since last summer has ended, and as the Monty Python folks used to say, "Now for something completely different".  

As I keep repeating here, the TopFinder is not predictive.  It doesn't tell us what's going to happen next, only what's happening right now.  And right now this uptrend has ended.


Posted by at

3 comments:

  1. certainwaytradiingDecember 24, 2018 at 9:58 AM

    This comment has been removed by the author.

    ReplyDelete
  2. certainwaytradiingDecember 24, 2018 at 9:59 AM

    Mr Hawkins - thank you for an amazing book. Is there any way I can contact you regarding Midas curves for higher time frames. Thanks
    shree

    ReplyDelete
  3. DreamerOctober 20, 2020 at 9:43 PM

    Hi there, I've just finished your book and loved it. What a gem!
    It doesn't seem like you guys are active much anymore online. Is there a way to connect?

    Cheers,
    Ken

    ReplyDelete

Subscribe to: Post Comments (Atom)