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
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
Yep, so far, TLT has
TLT - done zigging, ready to zag?
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