All my students are taught to be out of stocks that are in a Stage IV decline. GE has been below a declining 30 week average (solid red line) and in a Stage IV decline since last January. Check out this weekly chart.
Stock Market Technical Indicators & Analysis
2 thoughts on “No excuse for staying in $GE”
A question about Stage Analysis. Should GE recover from its Stage 4 decline and move above its 30 week sma and pull the average back to an uptrend – would that be considered Stage 1 or just back to a Stage 3?
If the 30 week average starts back up it would be a stage 2 up-trend. If it just remains flat it would be a stage 1.