Replies to post #226490 on Fannie Mae-No Politics (FNMA)

[qwertytrader]

a lot of support around this level and with insty buying at this level I would be surprised for a large volume move downward

wouldn't be in there best interest to allow it

but this is uncharted territory considering all the latest news, facts, insty interest etc.

imo a stalemate in gov is a positive thing and basically all that insty was looking for to confirm the buy was a good move

$FNMA

[10thMountain]

I better look it up, because someone else posted that it's a bearish harami formation...I like your take better, though...lol

[Zargis]

Tomorrow... we will see what happens.

I do not expect any retrace below $3.90, however I could see another retrace as low as the 100 sma on the daily... think it's at 3.96 tomorrow.

This trend was intended to be 'scary' for those who still hold. 7 red days in a row? Followed by only slight retrace and another drop?

This may very well be amazing. Soon.

Be well,

-zargis