Fannie Mae-No Politics (FNMA)

[jbem777]

Benny, Pharaoh, JJ8

Here is a link to last weeks daily. From my interpretation, it looks like the downward trend is going to continue. Not trying to bash, but do I need to change to a 60 minute daily to see what you guys are? My goal is not to pick a chart that supports my opinion, but present an accurate and unbiased view of the current trend. I am by no means an expert, but the information you are providing is in contrast to what I know. I see that we have now dropped below the 10 day EMA and closed at the 20 day EMA. If the 20 day MA fails we then continue downwards. MACD appears to have just started its downward trend.

http://stockcharts.com/h-sc/ui?s=FNMA&p=D&yr=0&mn=0&dy=7&id=p64174185664