[DIS] update

Really good Star Wars sales have led to Disney shares tanking more than 15%.  As I have mentioned many times of late, when good news is treated as if it were bad news, the social mood has run out on a stock and Disney's Ponzi pump now looks over, complete with declining double top and all.

Backlink model is below.


It has been way too long since Disney had a pause that refreshes and so I expect this to be one heck of a pause.  It will, as I mentioned before, be interesting to hear all of the "fundamental" reasons for this sell off even though the charts were warning about high odds of this occurring right at the top, right as Star  Wars sales records were coming out positive.



Disney darling stock will not be going down alone IMO.  The herd will head south when the leaders head south based on "no reason".  Of course nobody had good reasons for stocks to bubble up this high in the first place yet they did.