Potential Bottom Ahead for Ford Motor Co (NYSE: F) Says Market Timer Frank Kollar

October 2, 2008 (FinancialWire) (By Frank Kollar)

We do not usually look at stocks that are less than $10 a share, with the expectation that if they are low, there is always a reason for it. But then this is Ford Motor Co (NYSE: F). Ford is not going away and eventually there will be a bottom, and a good buying opportunity.

Shares of Ford are at extreme lows because they, as well as most of the auto industry, are not making money. But maybe a bottom is in the near future for this beleaguered stock.

Ford is nearing a support level at which three Fib supports come together. That level is at $375-$3.85 a share. Admittedly this is far below Wednesday’s October 1 close of $4.55, but should Ford get there, it could be an excellent bottom for this long term decline.

Even at $3.75 we would not recommend a position unless there is a bullish reversal pattern and a sell-stop is set below support

Kollar is editor and chief analyst at FibTimer.com (http://www.fibtimer.com) which offers market timing strategies for S&P and Nasdaq index fund traders, as well as bond, gold, small cap, sector, ETF and stock trading strategies.

Kollar’s research has shown that the financial markets are in tradable trends approximately 80 percent of the time. FibTimer strategies define trends and trade them in both advancing and declining markets. Caring nothing about what newscasters say or what the latest economic indicator predicts, trends are where the profits are, and that is where FibTimer is.

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