Wednesday, June 20, 2007

the GE Factor

When GE hits a new high the old Wall Street saw is that this is a very bullish signal for US equities. Its just one more thing indicating significantly higher stock markets. 1) my(not a generally shared opinion) reading of the Elliot Wave has switch from long term bear which started in march of 2000 to long term bull 2) DOW Theory says bull market has started 3) the inverted yield curve went back to normal (reverted) and now 4) GE hits a 52 week high .
The evidence continues to stack up that we are experiencing the start of a new bull market.

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