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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?


To: scheherezadesdance who wrote (49406)5/4/2000 7:13:00 PM
From: Michael Watkins  Read Replies (2) | Respond to of 99985
 
When GE failed to clear the trading range on 4/26 it was a sign of caution. At this point its stuck within congestion running a month and a half, and failed to take out the Dec highs.

Its not bullish, but until it heads south of 147 and holds there, I'm not calling it dead yet. And sure, a break of the recent swing low at 142 would be bad news but 147 for me has meaning...