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Worden Discussion Forum » Members » merritt

Profile: merritt
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User Name: merritt
Groups: Gold User, Member, TeleChart
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Joined: Monday, January 17, 2005
Last Visit: Saturday, July 29, 2006 7:21:20 PM
Number of Posts: 1
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Topic: Thoughts on F?
Posted: Friday, July 28, 2006 2:21:38 PM
Just looking at the chart for Ford, wondering if any of the chart reading gurus out there would agree with me that this is developing a classic double bottom? Coming out of a long downtrend with a top in the middle and some positive volume for the last few days. But maybe the time span between the 'bottoms' is too short?

With Monday being the ex-div date, I'm wondering if there might be another price dip representing a buying opportunity before the chart pattern continues to unfold.

Any thoughts?