Thursday, July 29, 2010

Advice, be careful of it


Some blogs were saying NFLX is a great buy and listed the reasons why to validate their point of view. The chart said otherwise at this point(which is all I care about).
I like to zero in and trade contra to people like this. Yes I know that anything can happen but the probability is greater to the downside. The Reverse Livermore worked today.
Always trust the chart.

NFLX short











added size because it is going my way, then cover taking profits on that big volume candle

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