GE update

I've got a running theory for a little while now that GE is actually printing its 5th and final wave right now.  As of Wed 2014-10-29 (which just happened to be when the fed refused to continue QE like so many in the markets thought they could not do), I think it is now done with 5 small waves up.  This could be the whole thing and that is my primary model at present.

It could also be 1 of 5.  If GE only does a small pullback from current levels (like to blue 4 below), be wary because if it breaks out to a higher high then the markets still need to run a bit further north before finding a river crossing that leads back south.  In other words, we will need to see 3/5, 4/5, and 5/5.  It all depends on whether GE can break out the top rail or not and that should be decided this week from the looks of it.  This coming Monday, latest.