Freddie & Fannie - Volume Leads

07/11/2008 12:00 am EST


Thomas Aspray

, Professional Trader & Analyst

Freddie & Fannie plunged further today over liquidity concerns, despite government comments. On Balance Volume (OBV) has been negative since late last year and warned of a sharp decline. Volume 10-15 times greater than average today could be panic liquidation but "could be" is the operative word.
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