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Strategies & Market Trends : Stock Attack -- A Complete Analysis

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To: AllansAlias who wrote (42727)3/4/2001 12:06:19 AM
From: sandeep  Read Replies (1) of 42787
 
AllansAlias, you hit the nail right on the head! Just because other charts are bad, doesn't give a break to the chart of the stock you are following. I made the same point on msft thread. The fact that an attempt was made to generate a positive signal and it failed is very bearish. I see the same problem with GE. I am afraid that testing the low is in the cards, and this time it may just crater through it. Jack Welch is getting old and will not have enough time to make sure than HON is integrated well. Lately, he just sounds like he is a whiner in his old age, god bless him. When investors realize that, they may just get out of the stock with the uncertainties ahead. I think the chart has just started capturing that uncertainty and the downtrend has started.

Of course, this has happened to GE many times over the last 4 years and it has always survived and gone higher...
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