Perfectly validates the Elliott Wave Theory with precise bottom-fishing. The resonance of Elliott Wave Theory, valuation, and catalysts has a much higher win rate than trying to catch falling knives in the previous downtrend. This rally is not at all due to the cancellation of the acquisition; conversely, even if the acquisition had succeeded, it would still have risen. News is just a catalyst; the resonance of Elliott Wave Theory and valuation is the key point.
Remain bullish on $Netflix(NFLX.US); it will rise whether the acquisition is successful or not, as long as the uncertainty disappears.
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