Point and Figure Charts Comments On Netflix (NFLX)

by | Sep 29, 2011 | Point and Figure, Videos

Sell Signals: Not to be ignored

Netflix (symbol NFLX) is a great example (at the present time) of what happens if investors ignore sell signals. One of the great features of point and figure charts is that they often have clear actionable points along the way. Netflix (NFLX) gave several sell signals throughout July, August and September 2011 before breaking the support line and completely falling out of bed. Take a look at this short video for a walk-through on sell signals and what can happen if you ignore them.

After seeing the Netflix (NFLX) chart generate a steady string of buy signals all the way up — there was not a single sell signal early in the year — we saw multiple sell signals in a row (not one buy signal) once the stock began to fall in July. We cannot predict what the future holds for Netflix. But do not ignore multiple sell signals.

The postings and videos on this site are my own and do not necessarily represent Dorsey, Wright & Associates positions, strategies or opinions.

If you are relying on a blog post for specific investment advice, you are making a huge mistake. Please speak with an investment adviser before making ANY investment decisions.
If you do not have an investment adviser, we encourage you to contact Mullooly Asset Management at 732-223-9000, or through our website. Under no circumstances should the content discussed here to be considered specific investment advice.

Our point and figure charts are provided by Dorsey Wright & Associates. I encourage you to visit their website and check out their free two week trial subscription!

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