Hamilton's E-Wave Analysis

GE update March 3/4

Ge march3

With a low at $6.85 intraday and closing on $7, the lower end of the suggested range, this is now a buy IMO at say $6.50. Yes they did not act very truthful in saying that they would not cut the dividend but that is in the nature of the business, sometimes it works like a charm think TRP ten years or so ago.  at around $6 two trend lines run from different channels and  as they say “De Wall keert het schip”. There is that “wall” again : freely translated it means that if you  (the boat in the channel) hit the wall you will change direction. At 1/10 of the peak value, lets hope so.