Replies to post #23832 on Fannie Mae-No Politics (FNMA)

[jackticker]

you can correlate the charts almost precisely with positive news releases. W/out consistent positive publicity the charts will lie, and with any major news releases, the charts lie. So far it's been predictable.

[jbem777]

I see the same thing you guys are on the 60 minute chart, which I agree suggests a reversal. What I question is the deterioration of momentum given the trading break over the weekend. Would the temporal distance between a Friday and Monday lead to a decay of momentum? Further influenced by the MM's blatant manipulation of the stock?

I guess we will all see on Monday. I would like to see a reversal, as it would benefit many on here, but I don't have a pony in his race any more. The MM's still have their short positions in the .50's to cover so I expect continued manipulation of the stock. 3 more weeks until the earnings release and without a clear plan to end the conservatorship, I don't see why they would release the DTA.