General Electrics - weekly for NYSE:GE by Simon_says

chartpattern indicator waveanalysis ge crisis

Long term forecast for General Electrics/GE.

Please watch this video:
"My investment in GE is 'one of the biggest mistakes of my career'"

Share prices of GE are correlated with global stock market crashes.

It means we just entered a phase of a global economic meltdown.

In short-term I expect price to move up then down however, in long term GE is going to 0$ or close to 0$.

Bottom of the financial crisis will be reached in ~2019.

Have a nice life :)

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"GE Slashes 12,000 Jobs In Troubled Global Power Business"

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"General Electric shares drop to lowest level since July 2009"

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Awaiting more downward movement.

Comment:

Great call made 12days ago, now:

"GE shares post one of the worst weeks of the year, down 7%"

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Comment:

Expecting the GE to move more down in the future, mainly because:
GE Cuts Dividend To 1 Cent Amid Huge Earnings Miss

Comment:

General Electric slashes quarterly dividend to just a penny a share, starting in 2019

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"JP Morgan analyst slashes GE stock forecast to $6, lowest on Wall Street"

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6.66!!

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Ken Langone: GE is a disaster - watch 2nd video!

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It's just the beginning of the job cuts in GE!!

"General Electric to cut up to 468 jobs in France"

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Trade is still valid, expecting more downward push soon!

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I believe there will be more downward movement in the future months

Comment:

Madoff Whistleblower alleges that GE is a 'bigger fraud than Enron'

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GE Pension Benefits Freeze May Cut Deficit Up to $8 Billion

Still valid, GE will go bankrupt as Thomas Cook , Commerzbank etc., nobody will bail them out.

!!!Expecting a huge deflationary crisis!!

Keep your money out of the banking system.

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Still active ;-)

Comment:

Trade is still active, we just entered a bear market that means the Greatest Depression will be announced in a few months time. It also means GE will keep crashing and may cause bankruptcy as previously mentioned. This chart confirms that:

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Thanks
Simon_says

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