Wednesday, July 9, 2014
GE down today per prior model despite DJIA, S+P 500 and $COMPX gains.
GE showed bearish divergence today in following the model that I provided here downward to form wave red 4 / blue 1 as shown below instead of trading in step with the broader indices. Now it should move back up the the level of the prior 4th before succumbing to the next wave down.
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