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Thursday, May 09, 2013 7:50:53 PM
Also the MACD is about to cross giving a strong buy signal.
ADX is close to 40 which signals a strong trend with the recent increase in pps.
Aroon shows there is a strong trend upward.
americanbulls.com/SignalPage.aspx?lang=en&Ticker=FNMA
Americanbulls.com.... the link above mentions to still STAY LONG. No pattern exists. Charting and candlesticks currently have no indication for a movement up or down.
Basically, today may have been a simple sell on news. One day out of a series of many isn't enough to prohibit or alter a Bullish trend , which has begun.
Some indicators such as Scholastics and Williams%R are invalid to use because they are historical priced based indicators and are somewhat flawed for strong uptrends.
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