Strong Support At Zero

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by Chris

I’ve very carefully analized the charts of GE and I can confidently say that GE stock has strong support at zero.

All sarcasm aside, the loss of GE from the global landscape would be very disruptive.  I think it’s not a canary in the coal mine, but a whole flock of them suddenly tipped over.

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Meanwhile, 2700 on the S&P seems to be the line in the sand…so firmly drawn it looks more like a castle moat in the sand.  Once breached all is lost!! 

At least that’s how the price action might be interpreted.

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