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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.
- 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)
- The haDelta support is broken (blue dashed line) and this is a sign of price weakness
- On the positive side: (haDelta :: SMA(3)) crossing at zero