Shake and Bake- Professional Edition – LINK CORRECTED

A giant shakeout in the morning allowed market makers to build long positions. Then at 2 PM the Fed announced that it was buying $5 billion of Fannie Mae, Freddie Mac and Federal Home Loan Bank securities. That news gave impetus to the reversal that was already under way, and they managed to pop the market through a key resistance line in the closing moments. It remains to be seen whether that was just another fakeout. Click here to download complete report in pdf format (Professional Edition Subscribers). Try the Professional Edition risk free for thirty days. If, within that time, you don’t find the information useful, I will give you a full refund. It’s that simple. Click here for more information.

Tags: Fannie Mae, Federal Home Loan, Federal Home Loan Bank, Federal Loan, Freddie Mac, Giant, Home Loan Bank, Impetus, Pdf Format, Professional Edition, Resistance Line, Risk, Risk Free, Shakeout, Subscribers, Thirty Days

This entry was posted on December 6, 2008 at 2:03 pm and is filed under Professional Edition, Today's Markets. You can follow any responses to this entry through the RSS 2.0 feed.