[GE] update

The near term model from the backlink for GE quickly went bust as a proper model should if it is going to bust.  However, the long term model, below, is still intact and in fact is at a major cross roads.  If resistance holds this will likely turn into a declining double top.  If this is a second wave bounce then it is indeed as deep a vee second as anyone could ask for.  The odds say to go short here and cover if it can break out that down sloping line, especially if it does so with a gap.

Note that I think GE cannot break out by itself.  If GE breaks out here, EWI is most likely wrong and Avi most likely right in their world views.  I do not plan to fight the ticker on this anymore than I already have.  This must reverse almost immediately and certainly before hitting a higher high in order to remain long term bearish here despite the high debt of GE.  Keep in mind, if inflation arrives then highly indebted companies basically transfer their debt to those using the fake money.