GE update, fooled again.

ge feb 13 2013

See previous blog. This was not supposed to happen according to the experts, but here we are with a new high of $23.44, well above the previous one of $22.970. So what went wrong? Perhaps the 5 wave down sequence was preceded by a small a and irregular b making the 5 waves the c. Perhaps the present climb will prove to be an irregular b-wave. It is all splitting hairs and simple put EW does not work always. Particularly not in real time.