Fannie Mae-No Politics (FNMA)

[BullishTaurus]

I couldn't agree more with you. I noticed the same thing last night when I pulled out the chart.

After the big drop at the end of May, the stock kept trading under the center Bollinger Band, finding strong resistance there.

That trend, however, reversed in the middle of September and the center band has now become support; it touched it twice (at $1.31 and $1.50, respectively) and it bounced right back up.

Without enough people stepping in all at once, we might trade in this range and under $1.76 for the next few days or weeks.

We are still doing OK from a technical point of view.