Short Term Trading Member Forum

[techcharter]

GE- One More Rally

The e-wave count for GE on the decade scope looks like WAVE A down from the 2000 high and WAVE B from the 2002 - 2003 low. WAVE B is a zig zag, presently in wave 5 of 5 in the zag. Wave 4 of 5 of the zag is asymmetrical triangle, which means one more advance that should be sharp. Fibonacci ratios indicate a target in the low $40, a 50% retracement of WAVE A.