Hubert Senters here.
Let’s take a look at Netflix. Netflix selling off today down $10.63 or 3.4 percent. It’s never really recovered much ever since it gapped down below that cloud. It pushed below three or four days and it ran back up into the turning line and it just floated around it and it went back down and back up.
It looks like it’s going go lower to me. It’s technically not a good situation here. It’s below the cloud and it’s just kind of flirting with the turning line. Obviously whichever way the Nasdaq goes this thing’s going to probably go. But the Nasdaq’s actually half — look at this.
Let’s add at NQ really quick NQ is hanging up here and Netflix is hanging down here so it’s not totally tied to the Nasdaq that it used to be. So I’m going to say that it’s probably going to drop to $260 over time.
Now a lot of people are like hey, why don’t you give us a time thing on that? Heads up, I can’t tell the future. I mean I know we’re trading futures and stuff over here. But if I could tell you when Netflix was going to hit $2 or $260 dollars heads up, I won’t be doing these videos every day. I think over time it is going to reach $260. It’s not going to do it in two days. Probably not in two weeks it might be there, you know a month and a half and two months.
But take it with a grain of salt I can usually pick the direction but I can’t get the time frame exactly correct for you. Anyway, I think it’s funny when people ask me stuff like what will win is it going to hit $260 like in the future?
So Mark Hellwig is going to be doing a special webinar on ‘’How to Take Minnow Sized Risk and Target Whale Size Profits Cracking the Code of the Market Wizards.’’ It’s going to take place Wednesday, August 21st at 8PM EST.
Good luck. Hope it helps. See you on the next video.
Hubert.
