Showing posts with label Treasuries. Show all posts
Showing posts with label Treasuries. Show all posts

Friday, December 17, 2010

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).