GE Aerospace (GE)

[Jetmek_03052]

I'm sorry and I hope I am dead wrong....but....

If it gets down to about 9,900, I can't see any reason why the DJIA won't go down to the 9400-9500 area. The charts show very litle support down to that point.

We know that GE mirrors the DJIA movement most days. I believe there are better entry points for GE in the near future. I WILL invest more money in GE at that point.

I believe this is just a temporary pullback. Look at the chart from last January. The same thing happened that is happening now. We showed a sharp decline from the beginning of the year until about March. Then the stock market turned the corner and showed VERY good returns for the year.

Even though I've already lost a bundle in my retirement accounts, I remain fully invested in the market because I believe we are in a very similar scenario to last year.

Good luck everyone.