GE – ratio analysis, it’s the lowest in 40+ years

02/03/2018

have been eyeing GE BUY for the past couple weeks and am still hawking the 13.70-14 area.  decided to do a ratio analysis of GE/NYSE.  Folks, it’s the lowest relative strength for GE versus the boarder market (NYSE) in 40+ years.

from a contrarian perspective .. this puppy is really really beaten up.  am going to try and work on some ‘timing’ over the next couple days. NOTE – we are at ALL TIME LOWS in 40+ years on the ratio BUT have not made a NEW LOW on the price chart. hmmmm

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12/7/2017 – see below. it’s pretty darn busted up …

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wait for a little lower?

note all three legs up (blue arrows) were exactly the same and so this move down was to be expected.  using the last ‘big’ move down as a projection and it comes into that 23-24 area.

I DO NOT LIKE THAT IS HAS REACTED WEAK ON THE LONG TERM LOG TREND LINE FROM 2009.

B

One Comment on “GE – ratio analysis, it’s the lowest in 40+ years

  1. A couple of weeks ago I had looked at GE and decided I might buy it at the 12.60 area. I’m glad to see it is an area that is showing up on some of your projections. I watched your presentation on the Chart Summit. Impressive. I’ve bought the book. I’ll never be into this specific type of charting as I’m weak at math, but I do intend to develop some basic knowledge of it.

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