Fannie Mae-No Politics (FNMA)

[lushka]

agree, volume today was just a little above average and not the strength you would like to see on a legitimate breakout . However,buy volume definitely outpaced sell volume as we ended up the high for the day and reached above the 10 day MA. Last weeks volume was up 110% over the 50day average as well.These all seem to be all good things as we trend up in the right direction. I personally think it is hard to tell which direction short term trading will go at tis point, but longer term prospects (next 3-6 months seem optimistic ; all factors considered .People may want to get in the "game" now versus missing out on the possibility of a sudden upswing. A sudden downswing would seem unlikely.