GE follow up

Yesterday I highlighted GE-if you took the trade, you made money today, but the long term impact to GE's business model may be severely impaired. The reactors in Japan are 40 some odd years old and many of the US reactors are just as old. There has been a move to extend their useful lifetimes that has generated controversy. I wonder how this impacts GE in the long run?

If you are looking at the longer term, today may be an opportunity to add or initiate a position short in GE, resistance is just overhead.

Here's a 9-day chart of GE, this is a secular downtrend.