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Tuesday, December 11, 2018

GE: Is $6.66 the Low Like 666 was the 2009 low for the S&P 500?

The market gods have a strange sense of humor.  Note how GE's low today was $6.66, the number of the beast.
More GE Charts
Those who don't believe in market gods will say the market makers like to show their power in "devilish" ways.... 

Note how they used 666 to turn the very large S&P 500 market back in 2009 to make the bottom of the financial collapse.
Mythology has "666" as "The Number of the Beast" so it makes an attractive target for those with a sense of humor.  
From Wikipedia
The S&P 500 and the Nasdaq are down double digits in "correction territory while the Dow is down 9.2% from its all-time high.  


So, 
  1. does GE have a devil's chance of avoiding bankruptcy
    or is it dead man walking? 
  2. did "666" mark the "stealth bear market" bottom again?

February 18, 2019 Update:  It turns out $6.66 was the low last year!


More GE Charts

I bought GE (and some other stocks like AMAT) near that low last December which has helped my Explore Portfolio continue its great outperformance with "only" two thirds in the market so I have plenty of cash for buying opportunities such as GE last December.


More AMAT Charts


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