I Told Him to Close It With A Month Left
Disney had been sitting in a pennant, and a pennant gives you a measured move. That's the height of the pattern projected out from where price broke, and it's the chart telling you roughly how far this thing should travel if the breakout works. Disney's breakout worked, and it traveled, and then it got to that target and wicked right off it. So I took a fib to it. Mark was sitting at the 13% retracement with a real chance of wicking under, which is not what you want to see. Technically he had another point in him, up around 107. But the closest measured move had already been hit and the wick had already happened, and I would take my money here. Now, a month of time left feels like a reason to hold on to something. It isn't one, and this is where I watch people give it