Ford, daily
Summary
Todays strong move in Ford is indicative of the disturbingly strong equity market. There is now the immediate prospect of Ford retaking the 14s..and breaking the old high.
A few daily closes in the mid 14s should open up the Jan 2011 high in the low 18s.
Yes, the main market is due to cycle low into April/May, but it does look like Ford will get the opportunity to challenge the post 2009 lows this spring/summer.
In terms of the MACD (blue bar histogram) cycle, we're certainly starting to get on the high side, but there is no sign of levelling yet.
