Bubbles always look the same...

1 May 2018

Whatever the merits or faults of the count I have attached to this Netflix chart, I have little doubt that many US tech stocks are near or at the end of a very good run. The similarities between all asset charts that have experienced parabolic rises is uncanny. This is a totally bearish count and calling tops usually ends in tears so it will probably be wrong. However, assuming I am wrong, I really don't think there are many more legs up for this stock on the horizon with the daily chart tracing out what is possibly an ending diagonal.

25 Eki 2018

Not

Netflix rolling over along with the rest of tech or just a correction in an uptrend. Not sure yet.