No pardon necessary BT, your charts are great by the way. I was and to some degree still think we are topping but PRICE is the strongest evidence and shows no sign of wanting to head the otherway.
Hi John, it looks to me like you've drawn an Ascending Triangle which implies a bullish continuation pattern. Therefore I am not looking for much of a pullback here for GE. The only question is has the 20wk low for it came in or not? Explosive moves usually occur when bollinger bands start to flare apart such as the bands for GE are currently doing. One possible scenario would be that it continues to your upper line at approximately 16.80 but instead of retracing it moves sideways a day or two for the 20wk low than busts out; my hope is that it comes back down to the 15.90 – 16.10 area one more time before breaking out. My wife and I each worked 34 years at GE. When I move my 401k I also move hers. I have always moved them 100% I am out in the 401k at 15.46, part of my problem is that I have only been around at 4pm twice in the past 3 weeks. Beautiful weather this coming week down here in Corpus Christi Tx so once again it's going to be hard to get me off the water at the critical time. gl/gt chris
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