Wow... General Electric (NYSE: GE) has exploded to the upside this morning after being upgraded by a couple of high profile research departments on the Street. From my perspective, this morning’s up-gap and upside continuation confirms the low of the 17-week cycle and the start of a new cycle, the first half of which should propel the stock higher off of this week’s low at 14.15. The initial optimal target is 16.20/40. My optimal pullback buy zones are 14.90 and 14.60.

By Mike Paulenoff

Mike Paulenoff is author of the MPTrader.com (www.mptrader.com) , a real-time diary of Mike Paulenoff's trading ideas and technical chart analysis of

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