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At 10:33 PM 7-31-97 GMT, jim roush wrote:
>>There seem to be several indicators supporting all this, but there is one I
>>use that is a bit of a negative. It involves the action of GE. GE
>>invariably moves in lock step with the DOW. For the past two days however,
>>GE has been down, while the Dow and the rest have been moving up. This is
>>unusual, and GE is on the verge of breaking a lower trendline going back to
>>April. I hate fundamentals, but does anyone have a plausible reason as to
>>why GE is slipping?
>>
>>PJLaird
>>
>Perhaps the strong dollar could be the reason for the drag. On the
>other hand it's hardly a cheap stock as are most of the Dow stocks --
>scary.
>
>
>
>James A. Roush
>jar@xxxxxxxxxxx
>
>
Excellent example!
This is why we should focus STRICTLY and ENTIRELY on technical analysis to
forget being discretionary. This is how technical analysis was born to
solve the trading inconsistency.
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