Commentary and recommendations about the stock market, sectors and individual stocks from a technical, chartists perspective.

Visit Stock Chartist

GM and GE: Financial Falling Knives

Posted on June 16, 2008

When Anonymous wrote saying You haven't done it yet but you have to do something on GE and GM , I thought it would be an opportunity to write something about downside momentum because it is a two-way street.There's a reason why I hadn't about these two firms before. It's because there's nothing in their performance to recommend those two stocks (unless you get a thrill in taking a bumpy ride down -- shorting, that is). And the outlook continues to look more dismal every day.GE: For those who have been in a cave for the past 10-20 years and don't know, GE has transformed themselves from a ma...

Original article link