Look at Ford. It's at 15, with historical lows not much lower than 15. A simple way to interpret that is that it's not going to go any lower-- it's such a big blue chip.
Ted Warren's view of this would currently be that it looks as though it's actually been under accumulation at around 15 for about a year, after having experienced a big distribution just before that in the late 1990's. (When did that tire fiasco story start?-- that might have been a ploy).
Now look at the volume spike at the start of '02. Then consider the insiders who are buying-- according to Agora. I'm not certain on all these factors--but strictly from a TW point of view, this stock is worth watching.
I'll probably get in at around 20 and consider riding it to 40 or so-- maybe more depending on how I feel at the time. I'm not currently in the mood to optimize my TW analysis to get every penny out of a rise. Doubling my value seems safer and easier-- almost like taking candy from a baby.
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