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Strategies & Market Trends : Paint The Table -- Ignore unavailable to you. Want to Upgrade?

To: jcky who wrote (12343)	1/31/2002 2:20:27 PM
From: John Pitera	Read Replies (2) \| Respond to of 23786

LOL.. I want to reiterate the bottom part of that post, and that message is that GE is in a very precarious technical position and could easily break down. the analogy I might use is that the skies are dark and stormy, if we start to feel drops of rain come down then we'll probably see a downpour. If the clouds move by we'd dodge the storm. we'll feel some drops of rain as GE either breaks below yesterday's low of 34.50 or even if it has a couple of daily closes below 34.75. Obviously there are other factors to watch as there always are. GE has firmed a bit in the past half hour. Buyers have been buying it very short term today the 3 times it's declined to it's 200 period Moving average on it's 5 minute bar chart. (that's inside baseball, and very short term) I can guarantee you that I'm not the only one watching it. John