Ford Incomplete on the Upside
Mid-Day Minute for Fri February 19th 2010
by Mike Paulenoff, www.MPTrader.com
by Mike Paulenoff, www.MPTrader.com
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The Jan-Feb high-level bullish consolidation area in Ford (NYSE: F) may be over –- ahead of a thrust towards 13.50-14.00 next –- or the pattern may "need" to press F down to 11.00-10.80 again to complete the larger bullish coil. Either way, what my work is telling me is that the overall medium- and longer-term pattern in F is incomplete on the upside and has unfinished business in the 13.50 to 15.00 target zone.
