GE Update

In my last update on General Electric I provided a model that is looking pretty good at this point.  See for yourself here.

No need to change anything on that model IMO.  The chart broke down the lower rail today in what was obviously a 3rd wave impulse.  The DJIA was down just a few points but GE was down a full percent.  The rats are exiting their leveraged positions.  Soon, I think, the whisper of little church mice scampering toward the door will turn into the scream of millions of rats trying to get off the sinking ship at the same time.  Even Willard would not be able to stop them once that process begins.  The selling will feed upon itself.