Sunday, April 13, 2008

GE Plunges--I look for Gold and PM Stocks to Follow GE lower and then rally


Be patient. See this chart on public charts by Joe K. Reed


General Electric gaps down. I look for retest of January lows.
Gold and precious metal stocks will also test support-a sideways consolidation and then rally

On a personal note: Spent the weekend in Texas at my second home at Horseshoe Bay. I was able to play golf in the Masters MGA event--had a great time. My two sons and their families live in that area and it is our favorite gathering spot.

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