Same pattern. These guys do not fool around, they do it all in a day!
DIS, Disney
Disney reports today after the close. My guess is that it will go down regardless of what tale the numbers tell. A little pop could be possible but the next serious move is down.
Have a look at the August blog, it predicted both the low and the present high within two dollars or so, rather amazing I think.
CNQ Canadian Natural Resources
See the Dec 1 blog. The charts is repeated on the left, reality now is on the right, if only they all behaved this well! The A – B – diagonal C is what we have seen on many stocks, and if not that then similar structures. They are all ready to cave in but still not doing it. The Dow has gone beyond the point where it should have stopped, not yet sure how to account for that!
TLM update.
Talisman is the one in the red. The others are West Texas oil, Suncor and PetroBakken chosen on the basis that I have commented on all of them. Notice that they are all within 10-20% of the starting point in May except Talisman Energy, which is still 45% below that level. This is worrying as we may miss the boat (as with Morgan Stanley). On the other hand there is a train going by all the time so, you miss one, you take the next one. Up to you.