Fannie Mae-No Politics (FNMA)

[MrDD]

Why do you hate charters so bad? I read your DD links from time to time!!

How could you say there was no resistant today? There was a textbook resistance on the 10 day Moving average at 1.85 ALL DAY! And that's why this was trading around 1.83,1.84 range and when it broke the resistant at 1.85 it went kaboom.
If you spend 3 minutes and look at the chart below hopefully it will makes sense to you what we are talking about.
If you respect charters, they will in turn have respect for you and your DD links. Why hate?

Exclude the times when the stock was moving huge (because those times resistances become irrelevant). Look at the consolidation period mainly whole month of April and June. And now look how one end of a candlestick is attracted to the lines like a magnet(either the blue line or the dotted red line). In other words the candelsticks are bouncing off the lines, which means those lines are acting as either resistance or support (depending on the context).
once resistance gets broken it will become the support. So tomorrow MA10 will act as the support.