Fannie Mae-No Politics (FNMA): 2mrw should be the loading zone. Today i...

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Re: rjanderson383 post# 88952

Thursday, 07/11/2013 7:53:29 PM

Thursday, July 11, 2013 7:53:29 PM

2mrw should be the loading zone. Today it kept testing and breaking support - no real bounce as such. As I mentioned once before, the real bounce would come from the daily.

I think the timelines are aligning well. Big boys get their cheapies one last time before the earnings report. The question is - how much cheaper do they want ? Another question is - Are they playing short term OR long term ? From the last bounce, it looks like short term - coz the media started their sh** again in a few weeks time. Lol.

There are psychological support levels below - and finally the 100 DMA (shouldn't test that IMO) - JUST BRING THE BOUNCE MAN - I had fun on the last bounce (after that Corker drop) - This one could be even better.

All my iHub posts are just my opinion. It is not a recommendation to buy or sell a stock. Due to possible human error, I can not guarantee the accuracy of the posted information. Do your own Due Diligence before investing.