On the 1-hour chart of General Electric’s shares we have something that looks like a perfect Elliott Wave 5-3 cycle. Prices fell impulsively from 27.96 to 24.30. Furthermore, a three-wave correction seems to be over as well. In our opinion, this is a good selling opportunity, because at least one more 5-wave decline should be expected, leading prices below the last bottom at 24.30.











