GE nearing top of channel

[gordon@xxxxxxxxxxx (Guy Gordon)]

Anyone holding GE stock  (and if not, why aren't you?):

GE is nearing the top of its long term channel.  And I do mean
*long-term*.  GE has been above this support line for over two years.
This line is almost exactly the 170-day Moving Average.

I'm not sure of the exact location of the resistance line, but I make
it out to be 61 1/2.  GE hit a high of 60 today.

Of course, that does NOT mean it is time to sell GE or write covered
calls.  A stock can spend a long time at the top of its channel. 

What it *does* mean, is that it is time to watch for sell signals in
the RSI.

Any comments?