The Market is Waiting (GE)

March 13, 2012

GE is a good proxy for the economy and market.

The picture of GE is plain and simple: Waiting for something to happen.

  1. A price consolidation on the heikin-ashi chart (the yellow area shows that during a consolidation, haDelta falls and may offer  the false impression that the market will drop)
  2. The haDelta support is broken (blue dashed line) and this is a sign of price weakness
  3. On the positive side:  (haDelta :: SMA(3)) crossing at zero

 

The Market is Waiting 3/12/2012  GE

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