Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: #Breeze who wrote (18515)	4/9/2024 3:52:26 PM
From: Kirk ©	Read Replies (2) \| Respond to of 26422

Thanks for the GE update. Kirk. here's a GE Wave Count Update. Count hasn't changed. Breeze tradingview.com So, correct me if wrong, that means the turn points changed 20% lower due to the split. But the shape remains the same with a target in the 160s for the next downturn, if I'm reading it correctly?

To: #Breeze who wrote (18515)	5/13/2024 1:33:49 PM
From: Kirk ©	Read Replies (1) \| Respond to of 26422

Thanks. Now a month plus later with GE hitting $170 vs $153 for that circle-iii target, any new updates? GE sure seems to like this 60-min support line.

To: #Breeze who wrote (18515)	5/13/2024 1:43:49 PM
From: Kirk ©	Read Replies (1) \| Respond to of 26422

Here is GE adjusted for all sorts of stuff... After making an ATH with all dividends and spinoffs reinvested, it seems to be testing its 2000 ATH from above. To be honest, I've worn out my shoulder patting myself on the back for buying so much when lower using ROTH money after selling taxable buys, etc... and don't really have a clue what natural resistance is going forward... and the next support level is probably the 2016 high... but the market really likes this stock now. On the flip side, after such a massive parabolic rise from sub $40 to $170 with just a single, small decline visible on this LT chart... maybe the unadjusted chart's 200-dma at 131.65 is a good, conservative support point.