$GE - looks to have completed a long, arduous bear market. You can see a large A-B-C Elliott Wave pattern. The low of Wave C hit the 161.8 extension off Wave B and retraced almost the entire move up from the August 1987 high; not a ringing endorsement of the "buy and hold" strategy, is it? It certainly does look safe now to start buying the dips, since there have been fundamental changes in GE's holdings and in its outlook.
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