I do think it is an expanding wedge which could be ready for a 5th wave break down. It's now up against strong resistance. If this breaks out then I am going to have to re-think a lot of things. GE won't be plummeting by itself but if it breaks back above that very significant resistance line then I don't think the strength will be limited to GE. Bottom line is that shorts better beware if this resistance does not hold.
Thursday, August 21, 2014
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