Replies to post #207646 on Fannie Mae-No Politics (FNMA)

[Travel5]

Thank you!

[Fanniefreddieforever]

Zarg, thanks for the detailed TA again!! The triple band set up is good stuff...I notice they are accurate in that if fnma drops to the next support level it usually bounces off between the upper and middle band. If it rises it usually gets stuck between the low and middle band...like today HOD was 4.04.

So you think we will gap up a little, run to 4.04, then close slightly red?

[chessmaster315]

Yesterday's "spinning top" (you called it a "cross", I call it a spinning top) you alluded to means indecision. Neither buyers nor sellers were able to make any lasting headway yesterday. However, given that the previous day saw gains, the spinning top indicates a continuance of trend.

You see, Newton's law means that it takes something to stop an object or change its direction. None has occurred, thus the object continues in its previous direction.

The parabolic SAR is important, remaining in the buy category.

I will be looking at Fibonocci analysis, and, if I find something that changes anything, I will post it.