A 4th wave triangle in Ford points to a likely continuation of its rally into year end. It is also points to a looming correction when wave 5 is over. It is hard to say whether the broader market will follow in Ford's footsteps. The stock indexes appear to have almost completed a very small degree triangle that indicates higher prices Monday and Tuesday. That may be it for the rally unless the markets can manage to subdivide the rally further.
Thursday, December 16, 2010
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