Thursday, December 16, 2010

4th Wave Triangle In Ford

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.

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