Thursday, January 29, 2009

NFLX update: Resistance becomes Support

As I write, this AM's activity has pressed the Dow down a percent and a third. Netflix is up four percent.

Netflix Price resistance has been broken and the stock value increases on momentum.

The rest of that story
That broken resistance line still lies there indelibly recorded in history. The line will serve as a powerful influence, but, this time as support. Should Price decide to fall, that line in the sand should serve to hold a barrier that will be difficult to penetrate.

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