(charts)Can the global equity markets "decouple" from GE?

There's a big ugly out there going on... Why should it be ANY surprise that GE missed, heck it's probably a buy (for the moment) they are still in a business and profitable. That's a lot more than we can say for our "financial backbone".

But heck this is about technicals here, what do you guys think about this almost 3 months sideways move off the January Lows? Remember I thought it would only last a month. In my book we are building cause, but there's absolutely ZERO PROOF that it's going to be up and a whole lotta evidence that says it will be DOWN.

http://bigcharts.mar...&mocktick=1.gif


As Far as GE... you can expect it to test Friday's high at some point, I'd expect it to break the 31.65 low 3/10. Now looking at the chart, if Immelt didn't know there was a problem on 3/10, just before the "Weekend at Bennie's" Bear Stearns Bailout... his stock sure did. From there it was a criminal markup and distribution, plain and simple... Complete with full cover including executive stock sales for plausible denial...

http://bigcharts.mar...&mocktick=1.gif

Edited by SemiBizz, 13 April 2008 - 11:45 PM.

It is the Vaporware disappearing act. Leverage never pays when you don't have 100% chance of being right. That means never.

Edited by Mtrader, 13 April 2008 - 10:11 PM.