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To: NOW who wrote (214042)	1/12/2003 10:01:52 PM
From: At_The_Ask	Respond to of 436258

It is down 50% from the highs and while it may evetually go much lower it need not travel in a straight line to get there. The formation in the major averages is similar to the ge chart. They are very large falling wedges that started in april 01. It's not clear if they are complete or if we get another wave down. spx 600 would be as low as I would expect it to go before we get a large retracement. Thats provided the wave down does come. So when the markets rally ge will go with it.