Fannie Mae-No Politics (FNMA)

[Zargis]

Yeah. Just to be safe I don't miss a ride. I'm not greedy, and, I DO NOT gamble.

When I make a mistake, I lose, when I follow a plan and take all logical actions into consideration - I win. end of story.

By being safe, I am eliminating my risk until $3.48/$3.49 so if I HAVE to buy in higher - I can and not lose money. (quite possibly still gain it)

I agree that $3.43 does not look good. However, I would have expected it to break by now. Why has it not? Today at least, the manipulators (MMs whatever) may not wish it to go under $3.43... which, could mean that they wish to preserve what little there is of an up-trend potential dependent on future days.

Unfortunately there is always probability of up or down, greater and lesser but the chance of one or the other always exists. Too many variables to say 100% something will happen... though one might be able to say "if THIS happens, then this other thing PROBABLY will happen too" etc.

So, as you saw on my chart detail from last night - $3.49 broke, then $3.47 broke. It has stayed under the upward momentum trend line from our 60-minute chart and has re-tested $3.42-$3.44 multiple times.

Sadly, we can't know what will happen next without seeing a movement above $3.45/$3.47 points or a move below $3.42/$3.43.

Be well,

-Z