I've noticed that when the $UST draws a black candle it marks
swing tops or bottoms in the bonds. Yesterday we got a black candle
and today the TLT drew a hammer, I think we are going to see a
broad market pull back and a rally in bonds.
Also, the TLT:SPY ratio would suggest we have reached a
turning point.
Bonds
Posted by ditch on 7th of Dec 2010 at 05:25 pm
I've noticed that when the $UST draws a black candle it marks swing tops or bottoms in the bonds. Yesterday we got a black candle and today the TLT drew a hammer, I think we are going to see a broad market pull back and a rally in bonds.
Also, the TLT:SPY ratio would suggest we have reached a turning point.
Nice chart Ditch
Posted by codewelder on 7th of Dec 2010 at 05:31 pm
Did you go long TLT or short TBT yet ?
Yes, long the TLT, and
Posted by ditch on 7th of Dec 2010 at 05:34 pm
Yes, long the TLT, and I hope the markets open up tomorrow as I'm going to move into cash as soon as possible.
I'm staying in TBT.. bonds
Posted by admagazu on 7th of Dec 2010 at 05:30 pm
I'm staying in TBT.. bonds are wallpaper,, look at the weekly TBT its going to the 40's on the weekly chart
Major funds are short bonds
Posted by freddy123321 on 7th of Dec 2010 at 07:59 pm
Major funds are short bonds already. Tbt TMV is a buy on any weakness imvho