Freddie Mac-No Politics (FMCC)

[BennySlots]

My guess is that first we'll dip down a bit to shake people out, and then move up to new heights. Question is, do we test .95 again and bounce there? Or do we break past it?

Well, we started to dip down, but I don't think the big breakout has occurred yet. Looks like tomorrow is the day. Unfortunately, since we closed under the 20MA. Anything's possible and we could go up from here. But at this point, it seems more likely that we'll fall down far and then bounce back up where the 20MA will become resistance. Tomorrow should be an interesting day...