In looking at a short term chart of the TLT it is very
interesting that it took off yesterday and continues to rally at
the same angle today. Yesterday, was a -100 Dow day, so yep, that's
when people buy bonds, today has been a +100 Dow day, that's when
they should be selling????????
Somethings smells fishy here. Now, notice that there were
volume spikes yesterdayat 10 AM and again at 12:50 and going
into the close. Today we got one at 10 AM again, now we are coming
into the time slots for the post lunch time spike. Just a heads up
but if I see another one start in the next 45 minutes, I'm buying
in.
I think Ben was talking the rates down which is causing some
swings in the market/bonds today. But I did get stopped out
of TBT, though, I still trade it with a long bias. (I go long
and cash, but not short)
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TLT get ready to buy
Posted by ditch on 24th of Feb 2010 at 11:52 am
In looking at a short term chart of the TLT it is very interesting that it took off yesterday and continues to rally at the same angle today. Yesterday, was a -100 Dow day, so yep, that's when people buy bonds, today has been a +100 Dow day, that's when they should be selling????????
Somethings smells fishy here. Now, notice that there were volume spikes yesterdayat 10 AM and again at 12:50 and going into the close. Today we got one at 10 AM again, now we are coming into the time slots for the post lunch time spike. Just a heads up but if I see another one start in the next 45 minutes, I'm buying in.
I think Ben was talking
Posted by riskmanagerjeff on 24th of Feb 2010 at 12:05 pm
I think Ben was talking the rates down which is causing some swings in the market/bonds today. But I did get stopped out of TBT, though, I still trade it with a long bias. (I go long and cash, but not short)