Sorry, I can only second your thoughts on GE
And I am put to the teeth now with June 20s, adding more just before Monday's close.
On the daily chart:5 ema-8sma crossover just before close, daily stochs overbought and crossing down,stoch RSI going below 80 today, money flow starting to reverse, OBV showing nobody was really serious about accumulating it since the 2/12 low, and your imagination doesn't have to be at work to draw your conclusions here. Patternwise, it headfaked Monday up out of the channel from the December high and is now back in it.
Scenario: you hear machine guns rat-a-tat-tatting at GE's tail, then smoke and flames appear, and it goes down in a spiral pattern (OK, a little wishful thinking here,maybe <g>)
BTW: I thought of you yesterday when I saw COF cough, and I remembered how you mentioned what a gift short it was in January @ 38. Bullseye, brother! |
