DrStool Posted October 15, 2004 Report Share Posted October 15, 2004 Here we are. The biggest of the big. GE is about the only non-energy related stock other than PG that I follow, which hasn't been in a downtrend all year. It has been one of the props under the averages. That prop is about to be removed, if this chart is right. 13 week cycle cmap hit. Last rally fails to reach top of long term channel. 18 month cycle turning down. 6 month cycle turning down. 13 week cycle turning down. Weak up phase in 6-7 week cycle turning down, according to the trusty 17 day RoC. The 13 day cycle ind says we may see a little swup for a few days, probably from 33, but it shouldn't amount to much. This looks good for a 10% move from the high, for starters. That should translate to around 1028 on the SPX. Click on the chart for full sized image in separate window. Link to comment Share on other sites More sharing options...
DrStool Posted October 15, 2004 Author Report Share Posted October 15, 2004 You can follow the progress of all 29 Suctors and Stoolwethers, including 10-13 week cycle price targets, every week in your Anals of Stock Proctology. Take a subscribatory today! Click the link below to get in RIGHT NOW! One month trial! Link to comment Share on other sites More sharing options...
Metamucil Posted October 16, 2004 Report Share Posted October 16, 2004 Doc, glad you chose this stock. I have been watching its behavior around the falling 200week MA. Can't get above it.....and the SPX ain't going anywhere significant without it. I don't know what they do; neither do they Link to comment Share on other sites More sharing options...
Metamucil Posted October 16, 2004 Report Share Posted October 16, 2004 The monthly chart shows 34.57 as MAJOR resistance, so will set an alarm on that number. Note that the 20 month MA is below the 40 month MA, an old trick my momma taught me Link to comment Share on other sites More sharing options...
Metamucil Posted October 17, 2004 Report Share Posted October 17, 2004 Doc, I like that 6/12 month cycle 'probable' cross. Here's another view of the 200wkMA: Quite a trend....... Link to comment Share on other sites More sharing options...
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