Fannie Mae-No Politics (FNMA)

[BennySlots]

Not sure why his reply was so pointedly blunt, but he's right. The 60 minute chart shows a more detailed picture of what's going on. For example, it will show why Friday's candle was a Doji for Freddie and almost a Doji for Fannie.

Each level you go down (60/30/15/etc) will show you more detail, and a more up-to-date view of what's happening. But with more detail, comes more chaos. So we often look at the daily chart for the same reason people look at moving averages. Because they give a smoother high-level view of things. However, when you want to pinpoint when a reversal will happen or get a better understanding of how things are shaping up, looking at the smaller time frame charts can give you that.

GLTA!