Fannie Mae-No Politics (FNMA)

[navycmdr]

Amplifying candlestick technical analysis chart information ...

FNMA posted a "white" or hollow spinning top candlestick on the chart Friday ... FYI



NEWS and/or the general MKT momentun "can" OVER RIDE chart analysis ...
so this info TA-technical analysis is shared for what some use to trade or invest



a spinning top candlestick generally means mkt indicision and a potential at least
of a temporary reversal in the current trend/direction of the chart ...

we had the weekend for people to tell others about FNMA which could bring a little
pop at the open ... the 1st hour of trading is generally considered "amateur hour"
where some inexperienced people put in mkt orders and the MM's take
advantage of this so anything can happen .. I am anticipating on Monday a possible
gain in price followed by a pullback to a support level before the upward movement
continues ... what happens to FNMA in the German mkt before we open can also
be an indicator of Monday prices in FNMA

FNMA is still EXTREMELY UNDERVALUED at this price but it can also be volatile ... FYI

Spnning Tops Candlestick example from StockCharts.com
Candlesticks with a long upper shadow, long lower shadow and small real body are called spinning tops. One long shadow represents a reversal of sorts; spinning tops represent indecision. The small real body (whether hollow or filled) shows little movement from open to close, and the shadows indicate that both bulls and bears were active during the session. Even though the session opened and closed with little change, prices moved significantly higher and lower in the meantime. Neither buyers nor sellers could gain the upper hand and the result was a standoff. After a long advance or long white candlestick, a spinning top indicates weakness among the bulls and a "potential" change or TEMPORARY interruption in trend. After a long decline or long black candlestick, a spinning top indicates weakness among the bears and a potential change or interruption in trend.