[DIS] update

In the backlink I was looking for Disney to bottom and then begin a reversal back upward.  This is in complete opposition to the EWI model.  While I hate to disagree with them, the evidence is beginning to gel on the long side for Avi.  Disney shares actually went a few dollars lower than the prior post before finishing the unicorn tail.  Still, it's eventual bottom looks pretty danged solid, even to the point of exactly kissing the 38.2 from above.  Shorts, take profits and run away.

While the normal expectation is that wave 5 put in a higher high, I think the EW guideline of length5=length1 will probably come into play here.  If a line were draw between and extended beyond that declining double top to the right then it would intersect with the red line at the location indicated by cyan 5.

It would take a lower low than cyan 4 to change this view.