[DIS] update

My previous post on Disney was way back on August 5th where I was looking for heavy selling to occur.



Since then the shares collapsed to $90 very quickly before climbing back up to just fill the gap.  Now it looks like the trend has reversed downward in 5 waves with wave 3 taking out the lower support rail.  Primary model is for this to test that rail from below per the red model and then fall off hard as shown.



At this point we have a very fugly declining double top on DIS. Red is primary.  What we are looking for here is 3 small waves up tomorrow to kiss that lower rail but not able to break it and then buy the Jan 2018 $70 puts for $1.35 if you can get them.  Do be careful not to overspend too early hoping for the red because I think it is 55% red 44% blue 1% something else.  A move below $105, however, pretty much points to the red as being correct.