The Long Bond ETF TLT Might Have Finally Bottomed

The Long Bond ETF TLT Might Have Finally Bottomed, see http://stockcharts.com/charts/gallery.html?s=tlt. Since the 107.89 Wave 3 Intermediate Term Cycle High in late August 2010 TLT has done an inverse Elliott Wave 12345 down up down up down pattern, that might have bottomed at 90.47 on 12-15-10. Note the huge volume spike recently, which jives with an important cycle low occurring (volume spike confirms the inverse price spike).