Hamilton’s E-Wave Analysis

A buy at $8, remember these are US $$$ so the exchange could run against you

GE

Nothing to add, 3 indicators are pretty well saying BUY. If $7 is going to be the low or $6.75 or, for that matter $8.95 , I have no idea, but somewhere here  it should be a buy if only for a trade.

GE

GE did not move with the market $10 is getting closer and closer. It could go further but not by that much. The $7/8 range may be a little too deep, the boat could be missed.

GE

This is about the level where Graham & Todd, whatever there names ,would get a little bit excited. A yield of 10%, a  P/E of 7, the oldest and only survivor in the DOW. $10 may be a wee bit to aggressive now that the charting is improved a bit. $7/8 seems to be where this could, repeat could, go.

GE

Someone asked me why I thought GE should go down when it is quite obvious that this is a very well run company (Jack Welch and now Jeff Inmelt, 6sigma, 20% hurdle rates and, by the way, the ONLY original stock left in the DOW ). What is there not to like? Well, apart from the minor little inconvenient fact that there are a few small flies in the ointment, the beauty of EW is that it is not concerned by any of that. It simple is pattern recognition, nothing more, nothing less. So have a look at this chart.

Notice the classic correction, an a-b-c down within which the c is approximately equal to the a. At that point it gets a little silly as the stock would be worth close to zero.

GE

GE is hard to count but it does not appear to be complete. Everyone wants to buy this one, especially with a yield of 9 1/2% on the stock. I would wait till you hit the lower trend-line at about $10. It may never get there (if this is irregular B) but if it does it should be ok.

GE