There are no bulls or bears in the market.
Only wolves and sheep.
Tuesday, March 12, 2013
Bearish butterfly on GE
In a previous post [here], I pointed out why I was bearish on GE. Adding to that is a bearish butterfly pattern [definition]. With Stochastics overbought on both weekly and daily and divergence on the daily, it may be time for GE to take a breather.