F, daily
Summary
The spring 2011 peak of $19 now looks a very long way up. With the break of the big psy' level of $10 recently, Ford is slipping away now.
First target is $9, then 8, and that takes it to my primary target - within 3-6 months of $7
If the market falls apart (sub sp'1100) by end 2012, then Ford will be around $5 or so.
The 2008/9 collapse wave low for Ford was $1, I don't ever expect to see that level again, but if the doomsters are right about the underlying economic secondary deflationary wave, then Ford in the 5s..even $3s seems possible.
Ford is unquestionably a good company, and unlike both GM and TSLA, it won't be going bankrupt any time soon.
