Backlink. GE is at a critical inflection point IMO. It very soon must decide whether it is going to bounce or break down. $23.75 or lower should be accompanied by many stop loss orders being triggered. If the breakdown does occur it would represent 3 of 1 of 3 and thus it should have some energy to it. The amount of energy (or lack thereof) will be useful in determining if I have the wave count right or not.
Tuesday, January 13, 2015
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