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Re: wayne49 post# 488800

Friday, 01/04/2019 2:30:42 PM

Friday, January 04, 2019 2:30:42 PM

Post# of 823414
$FNMA is at the 50-day MA now and still below the heavy $1.30 resistance. If $FNMA churns for a few days under this resistance, we're likely seeing large-scale share distribution and Shorts loading up in anticipation of negative news from the new FHFA Director.

We should have more clarity into things by the middle of next week, but I'm anticipating another drop towards $1