GE - The Elephant in the Room... / Down with TA!!!
GE Shares Drop Below $6 for First Time Since 1991
The TA crowd failes to recognize that a bounce has to be supported by some good news.
The headlines just keep coming. GE may need to raise capital and a downgrade may be imminent. BAC downgraded yesterday. Euro falling apart. (Shout out to GMX for a good post on the Euro)
Short this market and just hang out for the ride...