GE should be a buy here, give or take a dollar. This is a wave 2. Below is an old chart – from Dec. 3 ,2016, showing the “big” picture. The red you are here arrow obviously does not apply any longer. The count, on the other hand remains appropriate.
Just in case you forgot, Jack Welch’s retirement package back in 2001 was reportedly $417 mln, Inmelt only got about half as much and was never considered a “guru” as was Jack, together with his wife.