Fannie Mae-No Politics (FNMA)

[Zargis]

This looks very similar to an evening star doji. It bothers me as, I want to call it that - however it's an inverted cross doji - not really an evening star.
The last time this inverted cross appeared on the chart (only time i could locate) was 3/3/2014 - however it was a slightly larger candle (slightly) with an equivalent wick.

Previous Result: gap up and kept going for days.

Current expectation - unsure. Today was concerning and I kept my trigger finger ready for a sell off; however, the sell off didn't go very far today. Volume only around 20million. Yesterday was 29 million and prior to that, only 9 million. (Did not trade well today, missed the 4.12 to 3.92 dip.)

We still have a gap at $3.90-$3.92, and, indicators are currently off a bit on the daily, or if they are correct, they are not game changing. No RSI 90+ or -20 to 0 % Williams %-R, parabolic SAR daily is now under us, over all we are on an upwards daily trend.

What concerns me at the moment is the physical daily chart pattern, the inverted cross doji… and the close under the 20-day SMA of $3.99 / $4.03 resistance (daily)

5-minute chart is primed to open on the lower Bollinger Band.

Hourly chart is out of it’s fast uptrend and now slowing (sideways), has maintained in the last 4 hour bars of the day lows of $3.92, $3.96, $3.97, $3.98

Be safe, be well, may tomorrow be green and today not a follow through of an evening star doji.

-Zargis


p.s.
I long to day trade properly without almost 100% equity in my account, however, I refuse to leave the risk that I will lose a single share right now. This drives me insane...


p.s.s. (This is for those of you who might also feel this way, please enjoy, it only took 5 minutes to write it so feel free to ignore it.)

A bead of sweat trickled down his face, leaving a white streak along his flushed skin.
“IDIOT!” He swore, wondering why everything was so obvious now though not long ago, he was torn with inaction. Indeed, he recalled a time when everything from one day to the next was black or white, easy to decipher and now; someone went and threw a rock in the gears.
Something was wrong with him, though he couldn’t admit such to his wife. He was awash with agony that was invisible to the untrained eye, though, to those who knew what to look for – the pain was plain to see.
Still, though it felt as if he’d ran a fifty mile marathon, the finish line was so much further. By the end of the day, every day, his body was wasted, his mind screaming for an end that would never come.
Surely, how much longer would this path take? It was a question he’d asked himself many times in the past, and each time he’d agreed with himself that indeed – it could not be much longer. Not so long that the green pastures were out of human sight.
“No… I will not falter. Not now, not after I’ve already gained so much.” he stated it aloud though no one could hear. It was more of a self-reassurance than a true belief at this point, though, he questioned the truth of everything he once believed.
Glancing once more at the screen, he realized that the facts were plain to see, the probabilities easily visualized and the others who took interest quite obvious in their own actions.
The difference between him and them however, was that while they could ‘move worlds’ he was but a single man – incapable of anything worthy of notice.
Taking a deep breath, he wiped away the wetness from his forehead and forced his body to move.
As he left the room, he uttered one last thought before switching off the light.
“Not today. They won’t take my da** shares today… nor will they ever.”


*Cough*
Does anyone else feel this way?