This one is easy, there is no presence of “external force” moving against the original downside motion. I’m going with the flow…
Good Hunting!
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Btw, I caught a few seconds of the TV commercial on Walmart video streaming yesterday; my take is that Netflix will have a hard time “adding” more subscribers while trying to “keep” their existing subscribers from jumping ship…
http://www.foxnews.com/scitech/2011/07/26/wal-mart-takes-on-netflix-offers-video-streaming/
I like your itm play.
Closed out NFLX shorts to lock in profit. Can’t argue with the price action; down action seems to be stopped…