RE: Watchlist - Traders method
(2013-10-06, 06:59 PM)theory6453 Wrote: My pops thinks FNMA is a Buy and poised for another major move. I think it’s possible it could make a Stage 2 continuation move but I’m not 100% convinced so I thought I would throw it out to the group…
As the Stage 2 continuation move price is so far away, I think this is a question of whether to buy the pullback and recent short term reversal that it's had, or possibly looking to nearer term resistance from the July/August highs that it failed at three times up to the 1.79 level for new shorter term breakout level. I haven't done many pullback entries, so don't think I should give a view on this one other than to attach my weekly and daily charts to compare with, including the percentage based P&F chart that shows the near term break out point.
isatrader
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.