GE

Navin asked me about GE.  i keep telling him a conglomerate that big only follows the general market, but he insists on a technical analysis.  On a daily chart, GE has formed a Gartley Butterfly, just like S&P, Dow and COMP.  It has gone up in price on light volume since mid-December, a decidedly bearish pattern; it ercently broke its up-trend:

I have heard GE referred to a a "mutual fund" and that sounds about right.  To move such a huge company upward beyond the constraints of the general market is nearly impossible.  It has, in fact fallen below the performance of the general market and stayed there.  I would not buy GE here.  A GE:SPY ratio chart is below; the trend is not good: