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General Electric (GE) has now been down 8 days in a row. Since 1980, GE has only had five other 8-day losing streaks. On day 9, the stock has gone up three times and gone down twice. The last two times that the stock has had an 8-day losing streak, it has gone up exactly 2.51% on the next day. Go figure.
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Looks like it may be heading to 14 or lower over the next couple of weeks.
Longer term, nobody knows. But using market timing signals can help an investor figure out when to get in and when to get out.
P.S.
I get mine at http://invetrics.com
Posted by: admin | October 26, 2009 at 05:44 PM
Erin Andrews quoted this this morning at MSNBC.
Posted by: raz | October 27, 2009 at 01:32 PM