Sunday, August 03, 2008

DIS Update for 08.02.2008

WALT DISNEY - DIS

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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