General Electric Co, which is regarded as a bellwether of big business, said its financial-services divisions have been challenged by the slowing U.S. economy and difficult capital markets. The company, whose orbit extends into entertainment, consumer and industrial manufacturing, finance and health care, also lowered projections for the entire year.
As of 11:30 to-day GE was down 11% trading at $32.60 on huge volume
Here is the test
GE can save the DOW if it can hold at long term support above $32
If we save the DOW we save the modern financial world
If GE recovers above the $35 level over the next ten days - VERY BULLISH!
As of 11:30 to-day GE was down 11% trading at $32.60 on huge volume
Here is the test
GE can save the DOW if it can hold at long term support above $32
If we save the DOW we save the modern financial world
If GE recovers above the $35 level over the next ten days - VERY BULLISH!
Bill Carrigan
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