Quote from retaildaytrader:
Ok elitetraders. I have come here today to infom you it is now time to sell sell sell your TlT. The bond market is going to crash!!!
There's another guy, even better than Rogers, who said last week, that something suspicious is going on with TLT.
Will give it some thought next week, but for starters after a brief glance, dig this ...
Noticed the volume? Volume ought to go with the trend, right? And it is and its larger than that of june-October. Then switch to Weekly and you'll see the volume comparison more clearly.
Noticed that daily long-term moving averages are crossing the 200 topside?
Noticed the massive support @ 97.3?
On the weekly it looked like a Head & Shoulder pattern - but this was blown out the window by the next rally with higher volume, instantly killing the H&S. And in any event the neckline was not even nicked.
This is important enough to warrant some deeper thought.
Thanks for bring it up, Pops.
