Patience....it's a virtue.
You're right. I had it backwards. Hopefully we can get those higher highs, and soon.....
FNMA Stock Message Board http://investorshangout.com/Fannie-Mae-FNMA-61730/
Not necessarily. PPS is what drives the technical indicators. Technical indicators don't drive the PPS. IMHO
we need to start making some higher highs in the closing pps to have the 50 ma start curling up. otherwise it will continue to drop and cross below the 200.
If FNMA holds $3.90 until early next week the SARS will flip mid week. Perhaps, that will be the launch for the next big rise.
Then, since they are obviously getting close to crossing, I guess we have a big potential downward move coming?
I can't find any proof of the Big money is buying ,just what chart it's showing, in part too for the FnF'sOTC category ,but I believe firmly Big Money with Big Names coming ,it's a matter of time to knows!!!IMO,GO FnF
Well, if that's the case, then we have a very bearish move on the horizon. Because the 2 indicators are coming together rapidly....
Not disputing that the 200 is moving up...just saying that a golden cross is when the 50 ma crosses ABOVE the 200 not the opposite.
My cross is wooden, and it works much better than a golden one. Up we go.
The 200 has been curling upward on the weekly for a long time. That's very bullish.....
Golden cross would be the 50 crossing above the 200, not the reverse. It will be bearish indicator for it to cross below.
I was talking about the pending Golden Cross....when the 200 and 50 MA's cross?
why?
Quote:
Can't wait til they cross
Who can't?
Jeezus H. Christ! Our chart friends are out in full force today. Hope they are right (this time). LOL
Oh yeah...that explains it. The price is too high and he can't afford it now.
The good thing is, the 200 is getting higher and higher, and the 50 is getting lower..Can't wait til they cross
It could explode after that, if it does