Replies to post #160942 on Fannie Mae-No Politics (FNMA)

[budmgd]

I won't wager on whether it gaps tomorrow or not. But I do think there is a downward bias that broke out today after many days of consolidation at this level. We did get a retail bounce off the "gap closing" but I don't think it will be enough to change the bias. I believe it will drift downward without news and we will test that last major consolidation in the 2.20's. IMHO