NFLX, daily, 2yr
We have a key break of what I had considered could be a giant bull flag/wave'2/B, but NFLX has decisively broken below the flag, and there is now a lot of empty air until the previous December'2011 low of $62.
NFLX, daily, 5yr
Considering the wider economy - which is unquestionably weak, my target for NFLX would be around $40. A break of $40 would suggest an ultimate floor in the $30>20 zone. That is indeed a horrifically long way down. So much for any near term chance of getting back to the $200 level, never mind the July'13 2011 peak of $304.
