THE PARADIGM SHIFT

[fringe_remnant]

Bouncing Financials

Whether we trust the V-reversal in mortgage lenders or not, one thing that must be taken into account is the possibility of a solid trend toward longer term share price health taking hold. This now appears to be a possibility, with many of the institutions on firmer ground shareprice wise, especially in light of yesterday's endorsement from Congress of FRE and FNM's plans. Whether they are on a firmer footing fundamentally is not a consideration here... this is about TA and PPS.

The observation is born out in the charts, with ADX crossovers underway as of this writing, and Aroon Trend changes looming. The industry wide reversal may yet stick.

Watch the $USD.

Please link back one post for the Bouncing Financials Reference Charts.

fringe


I am not an investment adviser and as such I expect that you, in our communications, will do your own DD and not act on message board banter of any kind.