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

To: Judy who wrote (10615)	12/1/1998 8:32:00 PM
From: Jorj X Mckie	Read Replies (2) \| Respond to of 34809

Judy, DIS Chart was looking ugly there for a second with a series of lower lows and lower highs. Trend broken two points above the BSL (BSL at $21) and has now broken a DT and a spread DT. Next DT is at $40 and another at $42. Currently on a nice breakout and threatening to be on a high pole. RS is still negative but the momentum is positive. The sector has some room left to grow with a BP of 42% (not overbought at all at this point). I am not adept at vertical counts, but by eyeballin the chart, $50 looks like a decent target. Good news on the DIS movie front is that they have 4 of the top 5 flicks running today ("Enemy of the State" and "A Bugs Life" are two of them). Bad news is that the Hollywood buzz for the Xmas releases is that "Inspector Gadget" is going to suck and that "Mighty Joe Young" will just do ok. If you are interested in the Hollywood insider stuff, let me know. Tom