Technical analysis for shorts & longs Message Board

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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 671.91

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Nov 14 4:00 PM EST

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To: Nancy who wrote (15022)	1/6/1998 1:53:00 AM
From: Philip H. Lee	Read Replies (1) of 67982

Noticed that Fannie Mae (FNM 58 1/8, - 1/16) had a weak intraday session today. Opened strongly higher on bond rally, but weakened steadily throughout the day and staged a poor closing rally as the Dow surged at the close. This came after a strong rise over the last 2 months. Perhaps this signals a close end to the recent bond rally. Philip

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