Yep, so far, TLT has did exactly like I drew on the chart via
the red trendlines last week. Again it's just normal action,
whenever a stock or index emerges from a 45 degree trendline, the
initial rally is always sold and you get a pullback. Now
let's siff it it can form a higher low and bounce from here.
The 20 day MA is right in there, if that doesn't hold, then
the broken downtrend line would be next support
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TLT - done zigging, ready to zag?
Posted by frtaylor on 4th of Mar 2011 at 10:44 am
Matt, I closed my long TBT and went long TLT. Seems like it's following your playbook to a "T" ! (a little pun there for you)
Yep, so far, TLT has
Posted by matt on 4th of Mar 2011 at 10:56 am
Yep, so far, TLT has did exactly like I drew on the chart via the red trendlines last week. Again it's just normal action, whenever a stock or index emerges from a 45 degree trendline, the initial rally is always sold and you get a pullback. Now let's siff it it can form a higher low and bounce from here. The 20 day MA is right in there, if that doesn't hold, then the broken downtrend line would be next support