GE dipped at the open to the low 19s. So much for the value of stocks. I mean, it was $28 + just a short while ago and now it dips to $19?
Many think, "well, the markets are just volatile right now. We recovered from the last flash crash and so why should it be any different this time?". That is essentially what articles like this one are saying: ignore the "drama". Well, sometimes that pays but sometimes it pays to pay attention and this is likely one of those times because this falling expanding wedge is not good news for GE. If GE can break back up into that channel then I will submit that something unexpected is happening but from what I see here it is just the 5th wave of a massive multi-year falling expanding wedge beginning to play out.
Sell the peaks!
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