We spent the entire hour chasing Netflix lower, zooming our way down to the 15-second bar chart in the process. The niggling details of finding tradable patterns at that level are surely worth pondering, but the more valuable insights came from psychologizing the dips, twists and turns. The ending is the punchline to a joke that all traders have been the butt of at one time or another, but I won’t spoil it for you. Suffice it to say, NFLX bounced from a low that was almost, but not quite, perfect.
