Buffett votes with his wallet on General Electric. [GE]

My view is that General Electric is going to eventually BK.  This is not a new view.  I think it is nothing but a shadow bank that is now in decline.  In any case, Buffett's Berkshire Hathaway has now divested of General Electric.  That's bad news coming from the guy who says he likes to buy good companies and hold them forever.  This is essentially Buffett and his team saying they don't think GE is a good company anymore.

From  a chart perspective I expect to see a bounce at support as shown and then a collapse beginning in early 2018.  Nobody is predicting such dire things for GE right now but within 2-3 years everyone is going to act like it was obvious the whole time.  Where are these people today?  Well, they simply are too cowardly to take what they view as risk of saying something that would be viewed as unpopular.  They are affected by peer pressure from the herd that I simply don't care about.  When this chart support breaks down, GE will most likely go into freefall.