[GE] update

Fundamentally I think that GE is a corrupt shadow bank that will likely BK into the next big liquidity (cough cough solvency) crisis.  I also see the rush to divest as a sign of weakness on GEs part.  They are trying to bring their debt load down because it will clearly wipe them out if they have to roll any of it over at higher interest rates.

But of course, those are just opinions.  The chart below is not an opinion.  It shows that GE stalled mid channel of a 5th rail bump and that the place where it stalled also happened to be right at the down sloping line going all the way back to dot bomb.  If it can break out then I will be quite surprised.  The odds favor the shorts on this one.