FEDERAL HOME LOAN MORTGAGE CORPORATION (FREDDIE MAC) - FRE
Monthly chart shows increasing downside momentum once the support at $55 area was broken. Current support of $39.50 was prior support.
Weekly chart better shows the corrective three wave abc pattern before it broke to the downside. 
Daily chart shows more clearly the consolidation wave pattern that set up the huge downside move of the last few weeks.
Saturday, November 10, 2007
FRE Update for 11.10.2007
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