Ford about to Break Down?

One of the feel good stories of 2009-2010 was the rejuvenation of Ford Motor Co (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%).


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