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techcharter

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techcharter

Re: None

Sunday, 01/30/2005 11:58:24 AM

Sunday, January 30, 2005 11:58:24 AM

Post# of 51809
FNM getting ready for plunge

Elliott wave count shows several wave 1 and 2 combinations. When all the wave 3's start to take place it should be obvious a systemic crash will ensue.

http://stockcharts.com/def/servlet/SC.web?c=fnm,uu[w,a]wacayyay[df][pb50!d20,2][vc60][iLp14,3,3!La12...


Long term you can see FNM forming a rounded top. It has taken over 5 years for this top to take place, so this is going to be a long term price erosion.

http://bigcharts.marketwatch.com/intchart/frames/frames.asp?symb=DE:1876534&sid=125284&time=
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