ge jan 31 2018

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.

ge dec 3 2016 2

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.