Looks like this could be a text book bottom in bonds today.
Mind you, with any technical set up, price needs to follow
through. The set up is as follows:
1) TLT was breaching lower bb to low in Dec
2) rally to test mid bb -- 20 day MA
3) new lower low, but never a bb breach (didn't get that yet
today)
Title: TLT W-bottom bollinger band Looks
Posted by kalinm on 2nd of Jan 2013 at 12:01 pm
Looks like this could be a text book bottom in bonds today. Mind you, with any technical set up, price needs to follow through. The set up is as follows:
1) TLT was breaching lower bb to low in Dec
2) rally to test mid bb -- 20 day MA
3) new lower low, but never a bb breach (didn't get that yet today)
Rally back and break 20 day MA.
Good eye, man!
Posted by frtaylor on 2nd of Jan 2013 at 12:45 pm
Good eye, man!