General Gap-Fill

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You may have read the news that General Motors is firing 14,000 workers (must be another benefit from all that manufacturing in America success we’ve been seeing). Although this is bad news for the 14,000 getting fired (to say nothing of their families), the shareholders love, love, love it. As a chartist, I wanted to point out to you that it makes for a nearly perfect gap-fill.

slopechart GM

Here’s the longer view.

slopechart GM

Also a shout out of thanks to the market for stopping me out of positions Monday and then promptly falling after the close. Love ya!