DISNEY UNDERPERFORMANCE

DISNEY HAS VIOLATED MAJOR UPTREND

Disney share price is about to go lower faster than the DJIA...over the past year the share price has risen 89 per cent compared to the 31 per cent rise in the DJIA. But this out performance on the way up is history and is now giving way to out performance on the way down. As you can see from the daily chart above there has been a major trend violation which allows lower levels...the next visible support level is the 200 day moving average around the 45 level.