GE bounce up next week ?

Sensing that :

  • media is covering Q results positively, although it is not that glamour and glitter
  • recovery is not there yet. still layoffs, restructuring. Is demand really picking up ?
  • enthusiasm will turn stocks higher for a few more day
  • GE is down hard today. Bearing the losses of their financial part. But in general they should perform as other big ones (BAC, IBM, Intel, …)
  • If GE closes above 20 day MA, it could bounce up  on the market good news swing.

20090717_GE

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