Fannie Mae-No Politics (FNMA)

[chessmaster315]

Yesterday's "spinning top" (you called it a "cross", I call it a spinning top) you alluded to means indecision. Neither buyers nor sellers were able to make any lasting headway yesterday. However, given that the previous day saw gains, the spinning top indicates a continuance of trend.

You see, Newton's law means that it takes something to stop an object or change its direction. None has occurred, thus the object continues in its previous direction.

The parabolic SAR is important, remaining in the buy category.

I will be looking at Fibonocci analysis, and, if I find something that changes anything, I will post it.