Disney. One Of Those Chart Patterns We Have Seen A Hundred Times Before.

So it jumped today and today is a Tuesday. The trading action is not over yet.

Now it's one day chart.

If it sells off on the remainder of the day it's going to have a difficult time opening stronger tomorrow. Here are how one series of it's Puts are trading at 3:14 p.m.

Now this near the close.

Now here they are in the last minute of trading. The buyer of the last two Puts had to pay $.10 more per contract than the previous buyer to get in. The "ask" is bumped up to discourage new traders from getting in. Let's see what happens on the opening tomorrow.

The DJIA closed weaker but higher than it was trading at earlier in the day.

Could we catch a lower opening tomorrow? This stock has just had two steps up after going sideways for a couple of days before that. Let's see what happens. Here is it's end of day, five day chart.

Now here is how it opened on Wednesday morning.

$1.43 to $2.28. Now here we are a 9:43 a.m. Nothing has changed in the number of Put options traded. The stock seems to have found support.

The gap between the "bid' and "ask" has widened. The stock could go either way.

Should you babysit this position or just get out? I would say as long at the markets keep falling just hang on. Now this at thirty four minutes later.