Replies to post #31308 on Fannie Mae-No Politics (FNMA)

[rjanderson383]

Quite the day haha:

So one key note is about 50 MILLION Shares traded in the first hour.
---This was a complete exit for many many many investors.

On a positive note, the bounce back up has been relatively sustained.

Many of those investors are now just waiting on the sides, thinking it will tank. But the buying pressure has kept this up into only being RED by single digits.

IMO, the bullish trend is still in effect. Natural to see a few red days and people taking profits during any uptrend.

ADX is still showing a strong uptrend.
Parabolic SAR is still showing a bullish pattern.
Volume is still very good.

However I do understand there are many flipping opportunities.

From a CHARTIST perspective. Bearish if closes below middle of yesterday- about $1.33 STAY LONG if closes above

http://www.candlesticker.com/Pattern.aspx?lang=en&Pattern=2205

[rjanderson383]

http://americanbulls.com/members/StatusPage.aspx?lang=en&Ticker=FNMA