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Monday, April 12, 2010

Getting ready for Ford

I am itching to go heavy into Ford. I already own some around here, for the Timeless Portfolio, but I want to enter a trading position. Currently F is consolidated, but I am getting mixed signals. There looks to be support around the current levels, yet I see hints of weakness that suggests F may see between 11.60 to 12.10.

If F starts to break from current support, I will start to go heavy.

I may enter a light initial trading position here (on top of what I already have).

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