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Federal National Mortgage Association Message Board

  • carolyn_novice carolyn_novice Jun 16, 2013 5:20 PM Flag

    The Tombstone Formation FNMA @ 1.53

    PLEASE DONOT LISTEN TO THE GARBAGE WHO MADE HOW MUCH

    YOU WILL LOSE ALL.

    Folks who bought at 50cents for last 4 years and collected have dumped and are dumping. Late comers who used Home Equity loans and credit cards like Visa Card and now the losses are selling to pay their debts.

    After a Big drop Low Volume Rally move is doubtful. Stock earnings are based or carry over losses.

    No sign of washout, you are singing the blues.

    A Tombstone Formation is described as a quick move up in a few days and a slow stock distribution over months.

    Please see this site Big Charts short term graph.

    Historical data indicate that builders of such tombs (stockholders) are generally buried underneath.

    The graph you are seeing is called the Tombstone formation.
    (Source: A strategy of Daily Stock market timing for maximum profit, By Joseph E. Granville)

    It is time for those who are over extended to use PE as “Please Exit”, during this rally.

    Thanks for listening and Good Luck in Your Trading!

    All Bubble Burst and you are seeing one.

    Sincerely,

    Carolyn Novice

    Sentiment: Strong Sell

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