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techcharter

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techcharter

Re: None

Thursday, 03/31/2005 7:31:44 PM

Thursday, March 31, 2005 7:31:44 PM

Post# of 51804
GE ready to drop

Since the Jan '05 lows, GE has formed higher highs and higher lows. THis appears to be an ending diagonal and should truncate. Ending diagonals and truncations signal strong reversals. When they happen concurrently at larger degrees of wave counts the reversal can be very sharp. I only give the patient 1 or 2 weeks until the turn happens.

http://stockcharts.com/def/servlet/SC.web?c=GE,uu[w,a]dacayyay[dc][pb50!d20,2][vc60][iLp14,3,3!La12,...
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