Sunday, January 27, 2008

TLT Short

I have been watching the meteoric rise of bond prices and have been looking for a spot to get in on the short side. The 20 year bond ETF, TLT, has finished a TD Sequential sell signal and recent price action has indicated that we are at some serious resistance. That resistance is much clearer in the long term chart below.

I would honor a stop loss if the price closes above 97.05.

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