MASTERING
THE TRADE
ORIGINAL, INTERACTIVE
SEMINAR ON TRADING USING
TECHNICAL ANALYSIS
U.S.
QUOTES
U.S.
CHARTS
TECHNICAL
OPINION
CANADIAN
CHARTS
SEC FILINGS
BROKER
RESEARCH
10/2/98
FANNIE MAE (FNM)
Points to Watch: Technicals
weakening. Head and shoulders top forming (1,2,3 on chart). Strong negative divergences
shown by weekly RSI and Money Flow since left shoulder in late March. Lower successive
peaks in OBV as left shoulder, head, and right shoulder occurred. Today's close
below Gann support which had held since October 1997. Fibonacci support exists at 62
5/1. Aggressive traders may short below 62 for move down to 55. More conservative traders
should wait for move up in long term interest rates before acting. Place stop at 66.
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Last modified: April 02, 2000
Published By Tulips and Bears
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