Fannie Mae-No Politics (FNMA)

[Jayman1980]

Because it will probably be there again tomorrow. MACD just went negative on the daily, did not close at the 50 MA. Its fluttering in limbo between lower and middle bollingers. Todays run was a buyup of the oversold condition which put the price way below the lower BB. I did not even see that this morning since I could not trade anyway. This will almost certainly lead to a short rally. Do not confuse this with a bull run. This is trying to go down hard. It close between the bands. I would expect it to ride them down to the .60 range soon. Dont get left holding the bag.