Posted by limitless on 14th of Jul 2013 at 01:02 pm
Great call I am guessing! As from the 27th June bottom they rose
some 70+%.
They have since retraced some 50%. NOW, IF 1.44 / 1.40 holds on
FNMA, it has the capacity to rise even more than the last
time...ultimately going over the previous highs of 2.70 and 5.50
and muchhigher.
As ALWAYS use apropriate STOP LOSSES to suit your own individual
trading.
Hope it helps.
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FMCC + FNMA
Posted by limitless on 27th of Jun 2013 at 12:16 pm
FMCC and FNMA both seem to have made some kind of bottom after a negative low today.
-After making new low today, rallied on strong volume in what looks like an impulsive 5 waves up.
-also took out yesterdays lower high on the 5 mins.
-A good entry now could be on a retracement of todays move into the 0.500 to 0.618 fib levels !
Can Steve please confirm same? Thanks
Great call I am guessing!
Posted by limitless on 14th of Jul 2013 at 01:02 pm
Great call I am guessing! As from the 27th June bottom they rose some 70+%.
They have since retraced some 50%. NOW, IF 1.44 / 1.40 holds on FNMA, it has the capacity to rise even more than the last time...ultimately going over the previous highs of 2.70 and 5.50 and muchhigher.
As ALWAYS use apropriate STOP LOSSES to suit your own individual trading.
Hope it helps.