If it does not change trend,corrections lasts 2 to 3 days. Thursday being Quarter End Option Expiry TLT long bond fund could close below MA.
Thursday is also the last day of the month, which means bond buying by index trackers on month-end extension. Regardless of the good data, there's almost always some buying of bonds at the end of the day. Moreover, I have absolutely no idea what options you might be referring to. Sep TLT options expired on the 18th, whereas Sep UST futures options expired on the 25th.
Naturally I am happy when my thought-ing works out - even if only for a few days ..... we'll give it more time to see if the 2 supports shown as 161.8% and 78.6% actually do have staying = support power .... in any event the trendline I had marked is also bested. But we need to get above 2.86 for me to have a shot at being right for the haul instead of just fleetingly. Uploaded with ImageShack.us
They be brother and sister, so there is plenty of resemblance ... behold the 30-yr T-Bond Yield Uploaded with ImageShack.us
Everything is going right with the TLT short but a couple things don't smell right - a major m.a. upside cross has occurred and .... downside volume is not convincing for a wave 3. Not yet anyway. Also only 3 downwaves thus far, so upto this point the trend is still up. What I would do is to TP/reverse on 1H at the first sign of downside stalling. Uploaded with ImageShack.us
Finally got out a few days ago. Ended up with 9% return for about 5 months, including distributions. Not terribly exciting, but bonds rarely are.
1H trend is down = continue to be short ..... but .... take the 1H reversal WHEN it shows up and reverse to LONG - warning in quoted text reiterated
Yeah baby, perfect TA of stock trends textbook play. Price breaks out and then returns to the scene of the crime, kisses it and then blasts off in the breakout direction. Will HE return to the "kiss-point" to kiss and try again? He could = might, but only if "leg-spread-access" was not granted by the kissee, as per deadbroke's TA of pussy trends .... A kiss is just shopping upstairs for downstairs merchandise Uploaded with ImageShack.us