GE should take a dive and test near 11.69 in weekly base and trade there a while in order to gain momentum and volume to take an up swing and sky rocket!
Good call. It's right around 11.70 now. Do you see it moving up from here, or is there further downside?
showerreport
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@Ichibod97, it could be a chance that it goes to 9.64.
Ichibod97
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@showerreport, Yeah, it looks that way. Glad I bailed out.
stevenwuws
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so whats next that GE when down to 11.70......how long will stay here before the move up ?
showerreport
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@stevenwuws, It will start moving upwards once China quits the economic war with US. After that an Accord like Plaza's Accord in the 80's will give the following outcome: US will debase the DXY and it will fall to 70's while the rest of the world will stregthen their currencies and a new Super-Cycle of expansion in the world will come that should last for 5 years.