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opnion

06/24/05 1:00 PM

#404007 RE: skono4 #404004

actually i just bought some GE for a bounce next week. With a stop of course.
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ogm

06/24/05 1:30 PM

#404023 RE: skono4 #404004

I think its a big red flag for the market. That is a very serious topping formation, with a whole bunch of divergences. And now its breaking down on heavy volume for no obvious reason. (We'll probably find out the reason in due time).

GE is the market leader. Its the financial, its the manufacturing, its high tech, its everywhere.

And after this huge break down and today's analysts touts of buying opportunity, it just can't get it going. Something is wrong.