that is the setup underperformance, but disney has come to life of late let's move on. >> so here's thedisney and no judgments and annotations by me. let's put in the lines and one look at it would be as follows, a head and shoulders bottom and the inference would be that ultimately we would get to the high and that we would break out. >> another way to draw the lines would be as follows, a cup and handle, but the same proposition that we're back to a high and we're contending with a high and we're heading for a prejumpisume breakout tension at a former high and the presumption is out okay, let's pull it back out longer term and let's draw on that and when we have is this tension. if you were to zoom in here, what's happened is that we've actually broken above the upper band of that wedge so that's the beginning. let's pull it back even further. here's really long term going back to a period where disney was dead, came to life and then is dead again. are we about to re-assert ourselves? put in the lines and again, we are just starting to move above that key upper band and what i'm think

>> just as you said, disney has come to life of late the precondition of underperformance with nascentperformance is often a good setup. consider the chart, a three-year chart, this is the underperformance disney in blue basically no progress in three years as equities in general as measured by the s&p have gone higher and higher so if we just put a highlight there, that is the setup underperformance but they've come to life of late let's move on. so here's the chart of disney. no judgments or and notations by me let's put in lines, one way to look at it would be as follows head and shoulders bottom and the inference would be ultimately we would get to the high and that we would break out. another way 0 draw the lines would be as follows -- a cup and handle but the same proposition that we're back to a high contending with a high and setting up for a presumptive breakout another way draw the lines a wedge meaning it's the same principle. tension at a former high, the presumption is out okay, let's pull it back a little bit longer term sheer is the dull period, dead period let's draw li

underperformance but disney has come to life of late let's move on. here is the chart of disney.o judgments or annotations by me let's put in some lines. one way to look at it would be as follows head and shoulders bottom and the inference would be that ultimately we would get to the high and then we would break out. another way to draw the lines would be as follows. a cup and handle but the same proposition that we're back to a high, contending with a high, then we are setting up for a presumptive breakout. another way to draw the lines. a wedge meaning if the same principle -- tension at a former high the presumption is -- okay let's pull it back a little bit longer term. here is the dull period, the dead period. let's draw some lines on that. if you zoomed in here, what's happened is we've actually broken above the upper band of that wedge that's the beginning let's pull it back even further. here's really long term. going back to a period where disney was dead, came to life, and then is dead again are we about to reassert ourselves? put in the lines again we are just starting