The technical analysts' reaction was harsh, to say the least--ranging from quibbling about my grammar to arguing that because technical analysis has attracted a large following, it must have merit.

FORBES: Uncharted territory

The stock dropped 3.3% Wednesday, but Forbes contributor David Penn says the slide was more the result of a technical overbought condition than a reaction to the stinging rebuke from the employee, Greg Smith.

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While initial reaction to its design and technical specs have been positive, the big question was the price.

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With the knee-jerk earnings reaction played out, and technical support in place just below the stock, now may be a good time to enter a long position on NFLX.

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"Failure triggers a reaction, " said Andy Roxburgh, sporting director for the New York Red Bulls who formerly served as technical director for UEFA, European soccer's governing body.

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