NFLX update

nflx sept 2013lnflx sept 2013 s

We would sell. Not only is this stock rapidly approaching the double top level where it almost always a good idea to sell, the last leg up, either a wave or a 5th wave is wedging very nicely but something more intriguing has happened. The 3d wave is shorter than the 1st wave and as the 3d wave can never be the shortest, it follows that the 5th wave can not be longer than the third! It is presently just shy of equalling wave 3 and consequently CANNOT go any higher (than roughly $298.93). Why anybody would want to own a stock with a p/e of 347 is beyond me, faith in Bernanke et al does not explain it. A short plain and simple.