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Strategies & Market Trends : Point and Figure Charting -- Ignore unavailable to you. Want to Upgrade?


To: absol who wrote (3134)5/22/1998 3:18:00 PM
From: Ms. X  Respond to of 34811
 
Hi Amantha,
DIS has had a great year. The sector is still positive but DIS is starting to show signs it has pooped out. Just broke a double bottom and reversed back up. I would at least wait and see if it breaks this second bottom at 108. My guess it will because of the market condition.
Looking at the chart, I would think it reasonable to see DIS retrace to the 93 area. Again, I'm taking into effect the market condition.
I would keep DIS in your pile of things to consider once the market turns back around.

Take care,

Jan I am