GE – ratio analysis, it’s the lowest in 40+ years
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
12/7/2017 – see below. it’s pretty darn busted up …
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.