At the backlink, DIS was $100 and I was calling for lower prices. It recently did a unicorn tail down to $90 and is nearly $97 again thus putting in a double bottom made up of two unicorn tails. It suggests that the herd is still interested in DIS at $90. The really should not be the case if this is a 3rd wave down. Additionally, I think it is very possible to count the action since blue 3 as a flat correction (3-3-5). I'd cover DIS shorts here and wait for the next clue as to where this chart is going. Go long the oil patch instead.
Sunday, January 24, 2016
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