[DIS] update

In the backlink I posted the model chart below.  It suggested a final small move up into the 125/126 range before falling back hard.



Today DIS gamblers gave up the last 6 weeks of gains in one fell swoop.  The big swoon looks like a motive wave to me so it's going down as either A or 1.  Bottom line: I expect more selling before DIS finds support.

In the prior post I wrote: "...my current model says that 3 of 5 of 5 is just completed and so we get a small pullback and then a move up into the $125/$126 range which leads us to a big sell off back to at least the $78 - $82 level.  It could in fact be much worse but that is the minimum pullback to expect after the last 6 years of DISphoria.With the chart going nearly straight up at this point I don't give it long to play out.  Weeks, not months.".

Note: Disney is a Wall St favorite son.  For Wall St to take DIS out back like this should be of concern to any thinking person.  They know this crap is overpriced and they know the last one out of the Ponzi stocks will be left holding an empty bag.

Stair steps up, people, but elevator down.