Stories of Life.
Allan,Why I like F (Ford):1) Once price penetrates the signal line, it stay there for a long time.2) Weekly is in uptrend supporting the daily uptrend.3) Low price.4) Hi volume.5) High body-to-wick ratio on the candlesticks. Therefore, not likely to get whipsawed.-But-The only negative I see is that daily momentum is shifting from up to sideways or even down.Conclusion: For a trend-follower, stay long F.Stan
I'm so sick of AllAllan, Prechter and whoever preaches the doom and gloom scenario. Goodby all it has cost me dearly! my own fault by the way.
.cannot talk about Ford without SP500 - just look at the homomorphismQueen & David Bowie
"I'm so sick of AllAllan, Prechter and whoever preaches the doom and gloom scenario. Goodby all it has cost me dearly! my own fault by the way."Time to get heavy short
A close below 11.57 on F today (Wednesday, January 20th) would flip the F Daily Trend Model to SHORT.
If you look at the 10-day hourly charts, it's amazing to me the similarity between 1/12 and 1/15. On those dates, the $SPX made a run at 1130 in the hour after lunch but couldn't quite make it (1132 and 1131, respectively). Then both times, the $SPX recovered to 1136 before market close. And in both cases this preceded a rally that barely penetrated 1150 before falling below it. It looks like this could be shaping up to another run at 1130 range .... but will it hold again this time? I guess we'll see....Wayne
Well Allan, you got your F close below 11.57, but not by much!- cramar
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