Sunday, August 03, 2008

DIS Update for 08.02.2008


Monthly chart continues to show weakness, with no buy signal in place. Jim Cramer is bullish on this stock.

Weekly chart shows an abc 3 wave pattern into .786 fib resistance. This makes for a lower high, and a sell signal/pattern in place on this timeframe.

Daily chart shows a kicker signal being created, indicating a major change in investor sentiment. Price is currently trading below all key moving averages. Look for continued weakness and lower still.

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