Friday, May 30, 2008

FORD - Intermediate Term Low Getting Close

I am still waiting for one more push lower in Ford in order to close the window on the Gap marked by the green dotted line.

While there is an outside chance the low is in place as is confirmed by the two blue squares, the odds remain favored on another push lower before a trade able low is in place.

The nature of the next rally is going to tell us much about the health of the stock.
I continue to stand by my scenario of $15 over the next 12 months, but I am a bit more hesitant now because of the no trust issue I have with 3 main Bozo's that run the company.


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