Ford Jan 11 2010 (see also May 9 blog)

Ford Jan 10 2010

Here is one of my better calls, also one of the more unbelievable ones. First observed in Oct. 08 this is a very clear expanding diagonal. Invariable they return to their starting point, in this case $9.60 or so. That, by the way, is a minimum as I pointed out in my May 9 blog. Over last years year-end I fell asleep on this one only to notice that it had traded at about $1 at the low! Ultimately this one can go to $15/$17 where the 4th of precious degree resides. We bought it at about $3.30 and, as always, sold too early.

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