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Playing the Ponzi
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Why “Playing the Ponzi”? I view the entire monetary and financial system as something of a Ponzi scheme. Starting with currency that is created as debt, and running straight through a global economic model that is based on infinite growth in a finite world. This won’t end well. I’d go a step... More
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Playing the Ponzi
  • Ford About To Break Down? 0 comments
    Jun 29, 2012 12:36 PM | about stocks: F

    One of the feel good stories of 2009-2010 was the rejuvenation of Ford Motor Co (NYSE:F). I'm not really a car guy, so I really have no idea how that worked out. I don't have an opinion on how well the company is performing as an auto-maker. What I do have an opinion about what I see in its chart. Over the last 3 years, F has formed an imperfect but clearly detectable Head and Shoulders pattern. Ford is currently flirting with what would be neckline support, and performing very poorly (-4%) on a market-wide big up day (+2%).

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Stocks: F
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